 "RIL CMD Mukesh Ambani (right) with BP Group Chief Executive Bob Dudley at a press conference in New Delhi on Thursday. Ambani said demand for fuel was expected to grow by 5-7% every year over the next decade. Photo: Sanjay K Sharma")
Mukesh Ambani's Reliance Industries (RIL) and global energy major BP said the two companies had sanctioned the second phase of integrated development for their D6 oil and gas block in the Krishna-Godavari (KG) basin.
"The companies are moving forward to develop the block's discovered deepwater gas fields in an integrated series of projects, bringing new gas production for India," it was stated. This 'satellite cluster' is the second of three projects in the KG-D6 block's integrated development.
The cluster is a dry gas development and comprises four discoveries, with five wells' subsea development at 1,700 metres depth, up to 15 km east
