Development programmes for the KG-D6 and NEC blocks were kept on hold, pending clarity from the Centre on the gas price, says the financial newspaper. RIL currently has four oil & gas blocks
Reliance Industries Ltd (RIL) on Tuesday floated an Expression of Interest (EoI) to develop its oil and gas blocks, including some of the discoveries in the KG-D6 block off the coast of Andhra Pradesh, reports a business daily.
Development programmes for the KG-D6 and NEC blocks were kept on hold, pending clarity from the Centre on the gas price, says the financial newspaper. RIL currently has four oil & gas blocks.
Development programmes for the KG-D6 and NEC blocks were kept on hold, pending clarity from the Centre on the gas price, says the financial newspaper. RIL currently has four oil & gas blocks.
RIL is eligible to a higher price for natural gas produced from these discoveries under the new norms if it withdraws arbitration proceedings against the Government, according to the daily.
The EoI includes contracts for conceptual engineering/front-end engineering and design, and other works for blocks under the New Exploration & Licensing Policy (NELP), says the paper.
A company executive has been quoted as saying that based on the bids, RIL would give a revised field development plan to the Government.
RIL is also looking to place engineering, procurement, installation and commissioning contract for sub-sea facilities and pipelines for deepwater field development and offshore platform modification work.
For KG-D6, RIL has invited an EoI for all operation and maintenance services, equipment and materials.
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