offshore

Reliance Industries (RIL) and its partners, BP and Niko Resources, have received approval from Indian Government regulators to invest $3.18bn in the R-Series gas field located in the KG-D6 block.

As part of the approval RIL and its partners will produce 13-15 million standard cubic metres per day of gas for 13 years from the D-34 discovery in the KG-DWN-98/3 or KG-D6 block.

RIL, which operates KG-D6 block with a 60% stake, estimates reserves of 2.2tcf from D-34, which is the equivalent to the combined current production from its Dhirubhai-1 and 3 (D1&D3) gas field and MA field.

The D-34 field development plan (FDP) was submitted by the company on 30 January.

Government regulators, after examination, cut down the recoverable reserves to 1.191tcf from 1.413tcf estimated by the operator.

"The D-34 field development plan (FDP) was submitted by the company on 30 January."

In addition, the peak production of 14.9 mmscmd estimated by RIL was brought down to 12.9 mmscmd by DGH.

In May 2007, the Dhirubhai-34 or D-34 gas discovery in the southern part of KG-D6 block was notified and, in November 2011, the discovery was declared commercially viable by MC.

In July 2013, RIL announced it will invest about $6.5bn in its KG-D6 gas fields, to re-achieve natural gas production of up to 60 million standard cubic metres per day (mmscmd) by 2019-20.


Image: R-Series gas field in the KG-D6 block. Photo courtesy of freedigitalphotos.

Nri