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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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Story first published: Thursday, January 17, 2008, 16:22 [IST]
