Reliance Industries Ltd.

Reliance Industries (RIL) is mulling to submit a new plan that envisages an integrated development approach for the entire problematic D-6 block. The new development plan, which is expected to be ready by the last quarter of this fiscal, would take at least two years to arrest the ever dwindling gas production of D-6 block, after the plan gets mandated regulatory approval.

This integrated approach, besides saving at least $1 billion, may help Mukhesh Ambani owned company to retain the entire block without giving up a part of it as advised by the federal auditor. The new development plan is likely to include D-1, D-3, D-34 and R series fields, four satellite developments, NEC-25 and all other accumulations within the block.

As of now, the company is seeking sanction for the work over and side-track options to boost production and reduce water ingress in D1, D3 and D26 wells, which are the existing and producing wells.