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Reliance Industries' KG-D6 gas output dips to 40 mmBtu

13 Dec 2011 Evaluate

Reliance Industries' eastern offshore KG-D6 gas fields have seen output dipping to around 40 million standard cubic metres per day, which is the same level as 2009 when the company had started production. Dhirubhai-1 and 3 (D1 and D3), the first two of the 18 gas discoveries in the Krishna Godavari basin KG-DWN-98/3 or KG-D6 block in the Bay of Bengal that have been put on production, and MA oilfield in the same area produced 40.35 mmscmd in the last week of November. The output in the week ending November 27 comprised 33.47 mmscmd from D1&D3 gas fields and 6.88 mmscmd from MA oil field. The KG-D6 production is lower than 61.5 mmscmd rate achieved in March 2010 as drop in pressure in the wells and an increased water ingress lead to lower per-well gas out. Out of the 18 wells drilled, completed and put on production on D1&D3, four wells -- A2, B1, B2 and B13 - had to be shut or closed due to high water cut/sanding issues.

Peers
Company Name CMP
Reliance Industries 1253.30
Indian Oil Corpn. 134.45
Bharat PetroleumCorp 304.60
HPCL 353.40
MRPL 170.60
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