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RIL, ONGC and BP may share a $1 billion infrastructure facility for gas exploration

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Reliance Industries, ONGC and BP are reportedly considering sharing a common infrastructure facility valued at about $1 billion to support their gas exploration activities. The arrangement would aim to reduce duplication and lower the cost of developing new gas finds. Discussions around the shared facility are described as ongoing, with the companies weighing the logistics and commercial terms. The plan reflects a broader push among operators in India to make gas exploration and production more economical.

Read the full story at Economic Times

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RIL, ONGC and BP may share a $1 billion infrastructure facility for gas exploration · ShortSingh