Reliance Industries on Monday said it has no plans to spin off its Krishna Godavari gas field into a separate company and rope in a strategic partner.
"There are no such ideas. I am not aware of any such developments. We are proceeding on development of the gas field and will deliver gas in June 2008," RIL CEO (oil and gas) P M S Prasad said in New Delhi.
He said Reliance will start production from the KG-D6 block in June 2008 but is also targeting to produce 40,000-50,000 barrels of oil in the first half of 2008.
div_1">
"Our intention is to bring oil first," he said.
"It is late in the day to say that we don't have technology. It is not even a time to think of a strategic partner. Once a partner comes in, it will look at things in ab-initio (afresh), that will slow down the whole thing," Prasad said.
RIL's prolific gas find in KG-D6 block off the Andhra Pradesh coast has reserves of about 11.3 trillion cubic feet, and would produce 80 million standard cubic meters per day of natural gas at its peak.
© 2026