Gas,Gas sector projects by Reliance Industries Limited in Cauvery
Project Information
4907
Reliance Industries Limited
Reliance Industries May This Month Win Approval For $1.452 Billion Investment For Developing A Natural Gas Find It Has Made In A Cauvery Basin Block Off The Tamil Nadu Coast Several Years Back. The Company Had Made The Only Discovery In The CY-DWN-2001/2 Block In 2007 And Had Submitted A Declaration Of Commerciality For The Find, Which Was Named D-35, In March 2010 After It Carried Out Drilling Of An Appraisal Well. But The Declaration Of Commerciality, A Pre-Requisite For Developing Any Discovery, Was Never Approved By The Directorate General Of Hydrocarbons. However, Only After Several Requests To Consider The Doc, The DGH On April 15 Wrote To Oil Ministry That The Management Committee Should Be Convened To Review The Doc For D-35. DGH, For A Long Has Held Back Its Approval As It Found The Find To Be Unviable At $4.2 Per Million British Thermal Unit Gas Price. Further, DGH Had In Its Analysis Stated That The Gas Discovery Was Viable At No Less Than $6 Per Mmbtu.
Project Value
Refer document
Pre Project Activities Underway
Cauvery
Tamil Nadu
India
Gas,Gas
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