Reliance hold 90 per cent interest and is the operator of the deep-sea block KG-DWN-2001/1 (D9).
Reliance Industries on Friday said it will drill three more wells in the Krishna Godavari basin bloack where the first exploratory well was abandoned owing to poor gas find.
RIL also reported measures taken to check falling output in the KG-D6 field.
Volvo on Friday launched its new generation tractors and tippers, which have several improvements in the areas of safety, haulage economy, fuel consumption, and are environment friendly and Euro III compliant.
If India top or finish fourth in the 10-team table, then they will play in the first semi-final at Old Trafford on July 9. In the scenario of India finishing second or third in the points table, they will feature in the second semi-final at Edgbaston on July 11.
DGH director general V K Sibal objected to Hardy, which holds 10 per cent stake in RIL-operated D3 and D9 blocks, making 'an unwarranted, unethical and premature announcement that is bound to mislead' and influence share price. Sibal on May 29 wrote to Securities and Exchange Board of India chairman C B Bhave asking the market regulator to take up with its counterpart in London the unauthorised statement made by Hardy about its assessment of reserves in the two blocks.
In addition to undertaking to validate prospects identified by the joint venture, GCA employed a play-based exploration methodology on the D3 block to address both the current prospect inventory and the 'yet to find' resource potential. In D3, GCA estimated 9.5 Tcf of inplace reseves. D-3 and D-9 blocks in the same KG basin may hold 9.5 Tcf and 10.8 Tcf of gas reserves respectively, UK-based Hary Oil and Gas Plc said.
Over 250 people participated in a rally to support 82-year-old California resident Surat Singh Khalsa, who has been on a hunger strike in India demanding the release of political prisoners. Ritu Jha/Rediff.com reports from California.
RIL may go to arbitration which may lead to further delay in production and extra cost associated with the arbitration.
The Oil Ministry is seeking Cabinet nod to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines.
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