‘RIL now among top 30 shale gas players’

Mukesh Ambani announced on Friday that Reliance Industries has become a significant player in the shale gas business within a year of its entry into the US shale gas sector.

Mukesh Ambani announced on Friday that Reliance Industries has become a significant player in the shale gas business within a year of its entry into the US shale gas sector.

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“Reliance now finds a place among the top 30 players in terms of shale gas acreage,” Ambani said, adding RIL has 15 drilling rigs in operation.

RIL entered US shale gas via partnerships with Atlas Energy, Pioneer Natural Resources and Carizzo Oil and Gas.

Ambani also said RIL will jointly work with Britain’s BP to address production issues at its key gas field, the KG-D6.

“After government approvals, KG-D6 reservoir will be jointly assessed to address technical issues in ramping up production,” he said.

Gas output in KG-D6 has been slipping in recent times, drawing government concern.