The companies intend to file development plans for the other two projects with the Indian government by the end of this year, BP said.
The three projects, when developed, are expected to bring a total of 1 billion cubic feet of gas a day in new domestic gas production, and are expected to start production between 2020 and 2022.
According to BP, India’s current natural gas consumption is more than 5 billion cubic feet a day, and it aims to double gas consumption by 2022.
Gas from the three new projects is expected to help cut India’s dependence on imports and account for over 10 percent of India’s expected gas demand in 2022.
Apart from the deepwater gas projects, BP and Reliance also agreed to expand their partnership in India’s downstream sector, where BP has a solid presence, and in areas including differentiated fuels, mobility, and advanced low-carbon energy solutions.