Reliance permanently shuts down Krishna Godavari oilfield

Mukesh Ambani-led Reliance Industries has permanently shut down its only oilfield (MA) in the Krishna-Godavari basin after a natural decline in output for months. The MA oilfield is among the three oil and gas fields Reliance has in the basin. It began production in September 2008, while the natural gas producing D1 and D3 fields went onstream in April 2009.