RIL-BP to invest $10bn to quadruple natural gas output by 2020.

Global oil giant BP Plc and its partner Reliance Industries will invest US $ 5-10 billion to quadruple natural gas production by 2020. RIL-BP, who are currently producing about 11.8 million standard cubic metres per day of gas from the flagging eastern offshore KG-D6 block, is targeting newer fields in KG-D6 block and gas discoveries in neighboring north-east coast and Cauvery basin to raise output.

ET