Oversight panel meeting on RIL's $1.53-billion investment in KG-D6 block postponed
27 Dec 2011
The management committee, or the oversight panel, of the Reliance Industry-operated KG-D6 gas block in the east cost has had to postpone its meeting on the company's proposed $1.529 billion investment in the gas field as the government representatives were unavailable.
Joint secretary (exploration) in the petroleum ministry D N Narasimha Raju and director general of hydrocarbons S K Srivastava were unavailable for the meeting scheduled for 11:30 this morning.
The oversight panel meeting was expected to consider approving RIL's proposal to develop four satellite fields in the flagging KG-D6 block, where gas production has now touched a new low of 38.66 million cubic metres per day.
Gas output at the Dhirubhai-1 and 3 fields, the first two of the 18 gas discoveries in the KG-DWN-98/3 (KG-D6) block that were brought to production, was 31.83 mmcmd in the week ended 18 December, according to a status report filed by the company with the petroleum ministry.
The MA oilfield in the same block produced another 6.83 mmcmd of associated gas, taking total gas production from the field to 38.66 mmcmd.
RIL said it had to shut down five wells due to water ingress.