Our strategic alliance with RIL in India has provided us with a 30% share in the east coast Krishna–Godavari and Mahanadi basins and also includes a 50/50 gas marketing joint venture - India Gas Solutions Pvt. Ltd. This positions BP as the only international energy company present across the full gas value chain in one of the fastest growing markets in the world.
The partnership combines BP’s world-class deepwater exploration and development capabilities with RIL’s project management and operations expertise.
In 2013, BP and RIL announced two significant gas and condensate discoveries in the Krishna-Godavari (KG) basin – an exploration milestone in the partnership.
Our technical assessments continue to support strong resource potential for BP. In addition to the already producing fields – D1, D3 and D26, there are several other discoveries within KG D6 block where we are working closely with RIL to undertake reservoir management activities.
India Gas Solutions Pvt. Ltd. will focus on global sourcing and marketing of natural gas in India. It will also aim to develop infrastructure to accelerate transportation and marketing of natural gas within the country.