Reliance Industries and its partner BP plc of UK have spent over Rs 7,000 crore in prolonging output from the flagging D1 and D3 gas fields in the Bay of Bengal as they prepare new fields that will start production in mid-2020, sources in the consortium said.
In perhaps one of its kind intervention in a deepsea field, RIL-BP has, through the use of a combination of complex techniques, kept the wells flowing at Dhirubhai-1 and 3 (D1 & D3) gas fields in the Krishna Godavari basin block KG-D6, they said.
RIL-BP want to keep the system live till the R-Series and Satellite fields in KG-D6 block are ready to produce. The due plan to use existing facilities to produce 30-35 million standard cubic metres per day of peak output from R-Series, Satellite, and MJ fields.
The D1 and D3 fields, the first of the one-and-a-half dozen gas discoveries in KG-D6 that were brought to production in April 2009, will cease to produce by end-2019. Read More
Latest posts by Moneycontrol.com (see all)
- ‘Crude prices to hold firm in future as supply tightens’ - April 19, 2019
- Reliance Industries gains over 2% on stake sale in six group cos - April 18, 2019
- Petrol, diesel prices remain static for the second consecutive day. Check rates here - April 18, 2019