According to media reports, the board ofReliance Industries (RIL) hashas withheld future investment on oil and gas exploration and production business.
 
 The company's board has postponed investment because of delays relating to uncertainty on government approvals for its premium East Coast block.
 
 For Krishna Godavari Basin-D6 block, RIL and its partners BP and Niko are planning to submit a revised field development plan for D1-D3 producing fields, aimed at maximising gas recovery and bringing satellite-identified discoveries in the block to production.
 
 It also plans to pursue approval of the revised field development plan for the MA field in the block, submitted in February.
 
 RIL has also commenced pre-development activities in the D6 block, which include engineering and geophysical surveys and geotechnical investigations.
 
 Indications are that all these activities will require an investment of close to $7 billion. The company has already spent over $5 billion on the fields. The Reliance-BP-Niko combine, which is looking at December-January 2012-13 to submit the development plan, is yet to firm up final figures.