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Reliance Industries today said it has completed sale of its interest in one of the three shale gas assets in the US to BKV Chelsea for USD 126 million.
Reliance Marcellus II, LLC, a subsidiary of Reliance Holding USA and RIL, closed the sale of its stake in the Marcellus shale gas asset operated by Carrizo Oil and Gas, the company said in a statement.
The transaction, which was announced on October 6, will be effective April 1, 2017.
RIL held stakes in three US shale gas ventures - 45 per cent with Pioneer Natural Resources in the Eagle Ford shale play; 40 per cent with Chevron and 60 per cent with Carrizo Oil & Gas in the Marcellus Shale play.
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