Mukesh Ambani owned Reliance Industries has closed its eighth well on the main gas fields in KG-D6 block, which declined its output plummeting to all time low of 20.88 mmscmd. It had shut the well B6 on the main producing fields of Dhiburbhai-1 and 3 (D1&D3) in Krishna Godavari basin KG-D6 block because of water loading.
Recently, the company had shut B4, the seventh well on D1&D3 field. This latest shutting led to the output slipping from D1&D3 to 16.98 million standard cubic meters a day during the week ended January 13. Together with 4.37 mmsmcd from MA oilfield in the same block, the output totaled 21.35 mmscmd in the week.
Till date, RIL has drilled 22 wells on D1&D3 fields but has put only 18 on production so far. D1&D3, which started gas production in April 2009, had touched a peak of 55 mmscmd in August 2010 before beginning of water and sand ingress in wells.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1308.00 |
| Indian Oil Corp. | 139.15 |
| BPCL | 295.95 |
| HPCL | 386.55 |
| MRPL | 157.05 |
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