RIL has strategic partners for oil blocks
For good blocks we
have partners
Perhaps we went too fast in completing KG-D6, unlike other multinational companies. We have realised that it is better to have stakes along with other joint venture partners to be at peace than to take huge risk and feel helpless at the end. So under NELP-VIII, if we can identify good blocks, we will go in partnerships and may not stress for the role of an operator.
On potential partners
We have been in talks with various companies. If there are good blocks, we are
ready with partners.
On new
We are waiting for the new fertiliser
policy and are very keen to set up a gas-based fertiliser plant. Whether it
will on KG-D6 gas or any other gas or even in
On overseas asset acquisition strategy
Now we have come off an asset building program and already have a number of
exploration blocks in various countries. In order to balance our portfolio, we
are looking at discovered assets which would go into production and need
capital. Producing assets are something we are always looking at but those
available are more of gas than oil. We are looking at the rights assets.
On countries on the radar
We are looking at a decent sized oil
and gas assets in North and South America besides scouting for
opportunities in
Source:
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