RIL to invest Rs 17,000 cr in exploration

New Delhi: Reliance Industries Ltd plans to investment Rs 17,000 crore in oil and gas exploration over the next few years. Mr E.V.S Rao, Vice-President, Gas Pricing and Regulatory Affairs, Reliance Gas Transportation Infrastructure Ltd, told newspersons at the sidelines of a gas conference that “we will be spending Rs 9,000 crore on exploration in the next two years and an additional Rs 8,000 crore under the minimum work programme commitment on blocks won in the NELP rounds. 221; The company has already invested Rs 9,000 crore in exploration so far. RIL is also considering surrendering seven exploration blocks awarded to it by the Government.