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Friday, May 6, 2011

RIL

NEW DELHI: UK's BP Plc may have paid USD 1.5 billion for a stake in just one Krishna-Godavari basin gas discovery block of Reliance Industries as part of its landmark USD 7.2 billion deal with the Mukesh Ambani-run firm.

Europe's second biggest oil firm is paying Reliance USD 7.2 billion for a 30 per cent stake in 23 exploration areas, most notably the eastern offshore natural gas-producing KG-D6 field, besides the D3 block in the KG Basin and NEC-25 block in the Mahanadi Basin, which are also gas discovery blocks. much more

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