RIL to Surrender Two Gas Blocks Offshore India's East Coast

Reliance Industries (RIL) has decided to relinquish two gas discoveries off India’s east coast, Press Trust of India reported Monday.

The company has opted to carry out government prescribed confirmation tests to retain three other finds.

Accepting a government offer to conduct Drill Stem Test (DST) under limited cost to retain gas discoveries that otherwise would have been taken away for not meeting timelines, RIL has opted to do confirmatory test on two of the three contentious gas finds in the KG-D6 block and one of the two discoveries in question in NEC-25 block, Press Trust reported.

RIL and its partners — BP and Niko Resources — will relinquish discoveries D-40 in NEC-25 block off the Odisha coast and D-31 in KG D6 block, sources privy to the development told Press Trust.

The company will conduct DST on discoveries D-32 in NEC-25 block and D-29 and D-30 in KG D6 block.