Reliance Industries Ltd.

Reliance Industries (RIL) has permanently shut down its only oil field in the Block KG-DWN-98/3 (KGD6), which is being operated by the company as an operator of the Joint Venture (JV) consisting of RIL (60%), BP (30%) and NIKO (10%), has ceased production on September 17, 2018.

Post cessation, activities related to safe shutdown of field are underway. Production from the field had been under natural decline and facing continuous challenges due to high water production and sand ingress. The field has cumulatively produced about 0.53 TCF of Gas and 31.4 Million Barrel of Oil & Condensate and had no remaining reserves.

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.