Oil Giants Fight for Gas Field
BP, Chevron and ExxonMobil are vying for a stake to develop a huge natural gas field in India, reports say.
The trio are said to be in talks with Reliance Industries, India’s largest private sector gas explorer, about the area in the Krishna Godavari basin.
Energy experts estimate that the field, India’s largest gas discovery in 30 years, is worth $4bn (£2.2bn).
BP boss Lord Browne said the firm wanted to raise its profile in India, and praised the Krishna field.
Source: BBC.
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