Submit :
News                      Photos                     Just In                     Debate Topic                     Latest News                    Articles                    Local News                    Blog Posts                     Pictures                    Reviews                    Recipes                    
Reliance Industries to generate additional gas from KG-D6 basin
The Oil Ministry presented its latest annual report, in which it mentioned that Mukesh Ambani-led Reliance Industries will be generating 23 million standard cubic meters per day (mmsmcd) of additional gas, by 2016 - 2017, from its five discoveries in KG-D6 block.
13 mmsmcd of gas will be obtained from its D-34 discovery alone and the rest 10 mmscmd of gas will be obtained from four satellite fields of D-2, D-6, D-19 and D-22 located in the eastern offshore Krishna Godavari basin block KG-D6.

At present, Reliance Industries along with UK's BP plc.,and Canada's Niko Resources produce natural gas from Dhirubhai-1 and 3 (D1&D3) and oil and gas from MA1 field in the KG-D6 block. In the last quarter of Financial Year (FY) 2014 - 2015, their gas output was 11.5 mmscmd on an average.

Statements from the Oil Ministry

Ministry informed that 254 blocks were given for exploration of oil and gas, since 1999. This was presented in nine rounds of New Exploration Licensing Policy (NELP). Out of these, only 96 are operational. The others have been abandoned as they have poor production capacity or there are obstacles for making them operational.

The report further stated that till date, 135 hydrocarbon discoveries are done under NELP in a total of 46 blocks. This includes 46 crude oil and 89 natural gas discoveries.

The maximum number of discoveries is done by Reliance Industries. They have made 51 discoveries out of which 12 are of oil and 39 of gas. The company's significant KG-DWN-98/3 or KG-D6 block consists of 19 oil and gas finds.The ministry also informed that some 22 NELP hydrocarbon discoveries are under development, at present and this may also contribute to the output.

The State-led Oil and Natural Gas Corp (ONGC) is a little behind with 45 discoveries. They have 14 oil and 31 gas discoveries. Gujarat State Petroleum Corp (GSPC) will generate 1 mmscmd from its Deendayal block KG-OSN-2003/1 in KG basin in the beginning and by 2016 –-2017, the same will reach at 5 mmscmd.

The Ministry had invested $ 14.496 billion in the nine rounds of NELP. It said that all the investments have come in. It also said that $ 9.424 billion investment came in as expense for developing oil and gas finds, the most $ 7.76 billion in NELP-1. Majority of its development expenses in NELP-1 were in KG-D6 block.

Discoveries of Reliance Industries

It is said that Reliance Industries' D-34 or R-Series discovery in KG-DWN-98/3 or KG-D6 block has 2.2 trillion cubic feet of reserves. The company is spending $ 3.18 to bring it to production.

Its four satellite gas discoveries of D-2, D-6, D-19 and D-22 have 617 billion cubic feet of reserves. All of the partners are spending $ 1.529 billion for developing these fields.

Reliance Industries and BP have satellite fields of D-29, D-30 and D-31, too. Besides, they also have MJ-1 field.The plans for field development, investment and production for MJ-1 have not been finalized.

Email Id
Verification Code
Email me on reply to my comment
Email me when other CJs comment on this article
Sign in to set your preference
merinews for RTI activists

Not finding what you are looking for? Search here.