Reliance Said to Need Up to 4 Years to Revive India Gas Area
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Billionaire Mukesh Ambani’s Reliance Industries Ltd. and BP Plc may need three to four years to raise output from India’s biggest gas field because the reservoir is harder to tap than previously estimated, a person with direct knowledge of the matter said.
Reliance, which sold a 30 percent stake in the fields to BP, has sought the Indian government’s permission to develop smaller areas to counter a drop from its main KG-D6 block off the east coast, the person said, asking not to be identified because the plan is private. The company is also studying buying shale-gas assets in Canada, the person said