To reverse the decline in production of natural gas fields in KG-D6 block in Bay of Bengal, Reliance Industries (RIL) said it is likely to start production at the three new sets of discoveries in the block by mid-2020. The production decline in the blocks over the years has brought it to ‘late life stage’ though it has not plummeted to an all-time low.
In an investor presentation post the announcement of its June quarter results, the company said that Dhirubhai-1 and 3, which once were the country’s highest gas producing fields, are now “in a late stage’. The depleting output has been affected by low pressure and water ingress related challenges.
As per the company, the fields produced an average of 1.76 million standard cubic meters per day of gas during the April-June period. Read More
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