Reliance Industries Limited (RIL) and BP Plc. have sanctioned the development of MJ project, known as D55, in Block KG D6, offshore east coast of India. Mukesh Ambani, CMD, RIL, said, “Bringing these three discoveries to production, as promised in 2017, by leveraging the existing infrastructure has been the primary objective of the Reliance - BP Joint Venture. Welcoming the investment decision, Bob Dudley, BP Group chief executive, said, “We are building an important upstream business in India, helping to supply the country’s growing gas market. Working closely with Reliance, we are efficiently developing discovered resources, with focused exploration to give options for the future.

Source: The Hindu June 11, 2019 16:48 UTC