RIL to invest $2.28 bn in oilfield development

New Delhi, Jan 13, 2008 : According to industry sources, Reliance Industries is all geared up to invest 2.284 billion dollars for crude oil production from its eastern offshore KG-D6 block from March 2009. The oil discovery is estimated to hold 68 million barrels of reserves.

The initial targeted production will be in the range of 30,000 to 35,000 barrels per day and planned plateau rate of 40,000 barrel per day.

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