Reliance Industries may restart crude oil production from its predominantly gas-rich KG-D6 fields next month but is likely to shut the fields again by early April to hook up more oil wells to raise output.
The MA field in KG-D6 off the Andhra coast began pumping oil in September 2008 and had produced 790,000 barrels of oil till December 9 when output ceased due to equipment failure. Production is expected to recommence in March after completion of necessary repairs and modification. Gas from the block is also expected to start flowing from the first week of March.
Reliance was producing about 10,000 barrels of oil per day from two wells before the shutdown and it would add another well to raise the output in March. Three more wells are likely to be brought into production when the field takes the planned shutdown in March-end or early April. Output is expected to rise to 40,000 bpd before the end of April-June quarter.
crackcrack| Company Name | CMP |
|---|---|
| Reliance Industries | 1362.60 |
| Indian Oil Corp. | 147.00 |
| BPCL | 316.00 |
| HPCL | 379.20 |
| MRPL | 180.00 |
| View more.. | |
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