Larsen & Toubro will build an offshore platform -process and living quarters- for Gujarat State Petroleum Corporation. The platform will be commissioned at KG6 at the Deen Dayal Field from where GSPC intends to start gas production from July 2013. Earlier, L&T had got the contract to construct the wellhead platform for the development of this field. The gas field will be able to generate 6 million standard cubic metres of gas per day.
Reliance Industries parted with a substantial stake in its oil & gas exploration and production business to BP, in return for cash and technology to develop this business. They will also set up a joint venture for sourcing and marketing gas in the country.