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Reliance to produce new gas from D6 by June end; to cost $2.2 per unit

International oil rates have slumped as demand evaporated due to outbreak of coronavirus and lockdowns imposed by countries around the globe

reliance industries, RIL
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Reliance and BP are developing three sets of discoveries in KG-D6 block -- R-Cluster, Satellites, and MJ by 2022

Agencies
Reliance Industries and its partner BP Plc of UK have pushed back the start of production from the second wave of discoveries in their eastern offshore KG-D6 block to end June because of restrictions on movement of people and material the nationwide lockdown has imposed.

At current Brent oil price of around $26 per barrel, the gas from R-Series field in KG-D6 block will cost about $2.2 per million British thermal unit -- lower than even the government mandated rate of $2.39 for gas from state-owned ONGC fields.

In an investor presentation post its fourth-quarter earnings, Reliance said it is working on

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