RIL drills 54 new wells in US shale gas projects
OIL & GAS

RIL drills 54 new wells in US shale gas projects

Reliance Industries (RIL) has drilled 54 new wells in three shale gas projects in America. During the first nine months of 2012-13, the company witnessed 16 per cent sequential growth in production from its shale gas assets and clocked $330 mn earnings before depreciation and tax. The returns are not commensurate with the capital investment of $5.2 bn in shale gas projects.

Contact: Reliance Industries.
Tel: 022-2215 0714. Website: www.ril.com

Reliance Industries (RIL) has drilled 54 new wells in three shale gas projects in America. During the first nine months of 2012-13, the company witnessed 16 per cent sequential growth in production from its shale gas assets and clocked $330 mn earnings before depreciation and tax. The returns are not commensurate with the capital investment of $5.2 bn in shale gas projects. Contact: Reliance Industries. Tel: 022-2215 0714. Website: www.ril.com

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