"The commerciality of the discovery was approved in December last year and we have one year time from that date to submit an investment plan called the field development plan (FDP). If need be, the deadline can be extended by six months. So we have time till mid-2018 to firm up investment," he said.Besides MJ-1, four deepsea satellite gas discoveries -- D--2, 6, 19 and 22 are planned to be developed together with D29 and D30 finds on the block. The third set is the D-34 or R-Series find. Niko has the remaining 10 per cent share.

Source: Economic Times August 27, 2017 08:15 UTC