NEW DELHI (Reuters) - Global oil company BP
It was not immediately clear if this was an additional investment or already in budget plans for the block, where production has been in steady decline since 2010.
Natural gas output from the block, in which BP has a 30 percent equity stake, has declined to 14 million cubic metres per day (mmscmd) from 60 mmscmd at the end of 2010.
The companies have cited geological complexities for the fall in output while the oil regulator believes they failed to drill enough wells.
(Reporting by Nidhi Verma; editing by Malini Menon)
