Reliance, BP to get government capped price of USD 4.06 for new gas from KG-D6
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Last Updated: Dec 20, 2020, 04:00 PM IST
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If Brent crude oil stays in the current range of USD 50 to 51 a barrel, the price comes to USD 4.2 to 4.4 per million British thermal unit, two sources at the buyers of R-Series gas said.
AP
New Delhi: Reliance Industries and its partner BP will get only USD 4.06 a unit for the new gas they have started to produce from the eastern offshore KG-D6 field even though they have discovered a higher rate in an open market auction, sources said. Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price.
Reliance, BP to get government capped price of USD 4.06 for new gas from offshore field KG-D6
Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price.
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NEW DELHI: Reliance Industries and its partner BP will get only USD 4.06 a unit for the new gas they have started to produce from the eastern offshore KG-D6 field even though they have discovered a higher rate in an open market auction, sources said.
Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price.
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RIL, BP s new deep-water gas field to get govt capped price of $4.06 a unit: Report
A file photo of a drilling platform at RIL’s KG-D6 exploration block.
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. Updated: 20 Dec 2020, 03:29 PM IST PTI
This, even though they have discovered a higher rate in an open market auction, sources said
Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price
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New Delhi: Reliance Industries and its partner BP will get only USD 4.06 a unit for the new gas they have started to produce from the eastern offshore KG-D6 field even though they have discovered a higher rate in an open market auction, sources said.
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