Reliance Industries To Optimize Kg-d6 Block To Increase

Business Mukesh Ambani led Reliance Industries Limited (RIL) is gearing up to augment the output volume from its most prolific oil and gas field in the Krishna Godavari (basin (KG-D6) by 30-35 million metric standard cubic metres a day (mmscmd) by pumping natural gas from its latest discoveries in the deep-sea region and by developing .mon infrastructure across the block to optimize operational costs. In this endeavor, Reliance Industries is being supported by the government and the technical arm of oil ministry The Directorate General of Hydrocarbons (DGH). DGH recently appointed an independent consultant to suggest ways to optimize output from one of Indias largest oil and gas field located off the east coast of Andhra Pradesh. The Krishna – Godavari basin block KG-DWN-98/3 (D6) has 19 oil and gas finds. Of these, Dhirubhai -1, Dhirubhai- 3 fields and an oil field MA are currently the largest and .pletely functional. While KG-D6 is producing about 45.4 mmscmd of gas per day, MA oilfield produces a little less than 15,000 barrels per day of oil and about 7.6 million standard cubic meters per day of natural gas from its five wells. KG-D6 has seen its output decline gradually to less than 45 mmscmd instead of rising to 80 mmscmd as anticipated in the fields assessment. There are a few technical issues, which RIL is currently sorting with the assistance of its partner BP Plc., a London based energy major with expertise in deep sea exploration projects. Given RIL owned KG-D6s potential and valuation, government has agreed to support Reliance to bring about KG-D6s volume to mitigate the burden on industries dependent on KG-D6s output.Government has already sanctioned capital expenditure of $8.8 billion for the fields already under production. Of this $5.6 billion has already been utilized for the process of amplification and the remaining capex will be used to develop new areas in the block to raise production. Simultaneously, RIL is working on integrated development of the entire block to reduce the cost of developing related infrastructure for gas production and improve the fields overall functionality. About the Author: 相关的主题文章: