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Reliance Industries commences production from the MA-8 well: Report

09 Jan 2014 Evaluate

Reliance Industries (RIL) has reportedly started producing gas from the MA-8 well on January 1. The well has a capacity to produce 1 million to 2 million standard cubic metres per day (mscmd) of gas and the output is likely to stabilise by mid January.

At present, the company is producing about 10 mscmd gas from the KG D6 block, sharply lower from the 60 mscmd production at the end of 2010.

Recently, the company said that it is planning to increase gas production of around 1-3 million standard cubic meters per day from its eastern offshore KG-D6 fields in January as it begun the process of reversing the trend of falling output.

 

Peers
Company Name CMP
Reliance Industries 1219.00
Indian Oil Corpn. 131.45
Bharat PetroleumCorp 300.00
HPCL 350.65
MRPL 174.60
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