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Rs 40,000 crore RIL-BP investment in KG Basin: Capital approval given for the second phase
Apr 20: Capital approval has been given for RIL-BP's second of the three offshore gas projects in the Rs 40,000 crore "R Series" fields in the KG Basin.
8They are expected to bring a total of 30-35 million cubic metres (1 billion cubic feet) of gas a day new domestic gas production onstream, phased over 2020-2022.
8The breakeven levels of the output are such that given possible gas prices in India, a good double-digit margin in investment is expected, sources said.
8Contracts have already been finalized for the first phase and it is likely that the same contractors will get additional work in the second and third phases of development of the project
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