Reliance Industries Limited received approval from the Government of India to assign a 30% interest in 21 oil and gas producing sharing contracts to BP.
Under the agreement, BP will receive a percentage in 21 blocks that Reliance operates in India, including the producing KG D6 block. The original deal called for BP to acquire a stake in 23 blocks, but the government approval relates to only 21 blocks. Reliance said it would continue to seek approval for the remaining two blocks.
Most Popular Articles
From the Career Center
Jobs that may interest you