Shell May Bid $6.7 Billion On 30% Of Krishna-Godavari Block

Krishna-Godavari Basin
(Click to Enlarge)

A portion of Reliance Industry Ltd's D-6 block offshore India, with reserves of 14 Tcf of natural gas, may receive a $6.7 billion bid from Royal Dutch Shell, according to an unnamed source in The Economic Times.

Shell is interested in 30% of the block. And with the reported dollar amount of Shell's unofficial bid, the value of the block has been placed at more than $22 billion.

D-6, located in the Krishna-Godavari basin, should begin production before mid-summer.

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