BP said on Monday it will pay Reliance Industries $7.2 billion and performance payments of up to $1.8 billion if the tie-up leads to the development of commercial discoveries.
The company's key production asset is its KG D6 block in the Krishna-Godavari basin off India's east coast. Its output is around 52-53 million cubic metres of gas a day and it could reach peak capacity of 80 million cubic metres in 2013.
Read more: BP and Reliance in $7.2bn oil and gas alliance - The Times of India http://timesofindia.indiatimes.com/business/india-business/BP-and-Reliance-in-72bn-oil-and-gas-alliance/articleshow/7540225.cms#ixzz1Ey6SlRqM
Discovery of gas transformed economies of several nations - what did Andhra get?
The company's key production asset is its KG D6 block in the Krishna-Godavari basin off India's east coast. Its output is around 52-53 million cubic metres of gas a day and it could reach peak capacity of 80 million cubic metres in 2013.
Read more: BP and Reliance in $7.2bn oil and gas alliance - The Times of India http://timesofindia.indiatimes.com/business/india-business/BP-and-Reliance-in-72bn-oil-and-gas-alliance/articleshow/7540225.cms#ixzz1Ey6SlRqM
Discovery of gas transformed economies of several nations - what did Andhra get?
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