Monday, 15 July 2013

DGH refuses to approve RIL's $3.5 billion plan for NEC-25

The Directorate General of Hydrocarbons (DGH) has refused to approve Reliance Industries ' USD 3.5 billion plan for developing gas discoveries in block NEC-25, off the Odisha coast, as the company had not done the prescribed tests to confirm the finds.

RIL had in March-end submitted a USD 3.5 billion Integrated Field Development Plan for producing 10 million standard cubic meters per day of gas from the discoveries D-32, D-40, D-9 and D-10 in the Block NEC-OSN-97/2 (NEC-25) by mid-2019.

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