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Hardy Oil & Gas in talks to buy RILs 90% stake in GS-01 block

27 Nov 2015

UK’s Hardy Oil & Gas is in talks to acquire Reliance Industries’ entire 90% stake in a gas discovery block off the Gujarat coast.

The development plan provides for several dry free wells, an unmanned platform, multiphase pipeline to shore and onshore processing and export facilities.

The well that discovered the reserves flowed 18.6 million standard cubic feet per day of gas and 415 barrels of condensate during tests.