New Delhi: Reliance Industries Ltd has said that it is on track to start production from a new gas field in the flagging KG-D6 block in the Bay of Bengal from mid-2020 even as output from its existing fields continued to fall.
Reliance and its partner BP Plc of the UK had in June 2017 announced an investment of Rs 40,000 crore in the three sets of discoveries to reverse the flagging production in KG-D6 block.
These finds were expected to bring a total 30-35 million cubic metres (1 billion cubic feet) of gas a day onstream, phased over 2020-22.
The three sets of discoveries are R-Cluster, Satellite Cluster and MJ field. R-Cluster will be first to come on stream.
“On track for gas from R-Cluster in mid-2020,” Reliance said in an investor presentation post announcing its second quarter earnings. The company has already drilled all the six wells on the field and ‘second campaign for installation of subsea production system (SPS)’ was progressing,” it said.
Drilling of three out of the five wells on Satellite Cluster has been completed and engineering and fabrication for SPS was on track. Satellite Cluster is to begin production in 2021.
Reliance has so far made 19 gas discoveries in the KG-D6 block. Of these, D-1 and D-3 – the largest among the lot – were brought into production from April 2009 and MA, the only oilfield in the block, was put to production in September 2008.
The output from D-1 and D-3 has fallen sharply from 54 million standard cubic metres per day (mmscmd) in March 2010 to 1.68 mmscmd in the July-September, the presentation said.
PTI
