Reliance Industries Limited (RIL), BP and independent Niko Resources plan to invest a total of $4 billion in the KG-D6 block offshore India, India’s Economic Times reported on Friday. The companies hope to arrest steady output decline at the block by developing reserves in satellite fields. Niko sees “significant upside” in the fields, though it this week reported a decline in D6 visual_editorP reserves due to “a revised geological model”.
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