Reliance Industries Ltd.

Mukhesh Ambani led Reliance Industries’ (RIL), gas output from its eastern offshore KG-D6 gas fields has dropped to a fresh all-time low of 39.80 million standard cubic meters per day (mmscmd).

As per the report filed by the company with the Oil Ministry, Natural gas production from the Dhirubhai-1 and 3 gas fields and the MA oilfield in the KG-DWN-98/3 or KG-D6 block in the Krishna-Godavari Basin of the Bay of Bengal stood at 39.80 mmscmd in the week ended December 4, 2011. The output comprised 32.94 mmscmd from the D1 and D3 gas fields and 6.86 mmscmd from the MA oilfield.

The output from KG-D6 is short of the 70.39 mmscmd-level (61.88 mmscmd from D1 and D3 and 8.5 mmscmd from the MA field) envisaged by now as per the field development plan approved in 2006.

Reliance holds 60 per cent interest in KG-D6, while UK's BP Plc holds 30 per cent and Niko Resources of Canada holds the remaining 10 per cent.

Reliance started natural gas production from the KG-D6 fields in April 1, 2009, with output of about 40 mmscmd. The MA oilfield currently produces about 12,715 barrels of crude oil per day. In addition, 1,831 barrels of condensate are produced from the field every day.