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.

We want to hear from you. Questions, opinions and suggestions are all welcomed by the Rigzone Staff. Write us at news@rigzone.com .

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
 
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
 
Regional Sales Executive
Expertise: Business Development|Sales
Location: Jacksonville, FL
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours