RIL-BP starts production at second gas field in KG D6 block
29 Apr 2021
1
Reliance Industries Limited (RIL) and partner BP on Monday announced the start of production from the Satellite Cluster gas field in the KG D6 block off the east coast of India, making available a combined 15 per cent of India’s natural gas requirements.
RIL and BP have been developing three deep-water gas developments in block KG D6 – R Cluster, Satellite Cluster and MJ – which together are expected to produce around 30 mmscmd (1 billion cubic feet a day) of natural gas by 2023, meeting up to 15 per cent of India’s gas demand. The developments will each utilise the existing hub infrastructure in the KG D6 block, the companies stated in a release.
RIL is the operator of the block with a 66.67 per cent participating interest and BP holds a 33.33 PER CENT participating interest.
The Satellite Cluster is the second of the three developments to come onstream, following the start-up of R Cluster in December 2020.
It had originally been scheduled to start production in mid-2021.
The field is located about 60 km from the existing onshore terminal at Kakinada on the east coast of India in water depths of up to 1850 meters.
The field will produce gas from four reservoirs utiliSing a total of five wells and is expected to reach gas production of up to 6 mmscmd. Together, the R Cluster and Satellite Cluster are expected to contribute to about 20 PER CENT of India’s current gas production.
The third KG D6 development, MJ, is expected to come onstream towards the later half of 2022.
RIL, India’s largest private sector company, with a consolidated turnover of Rs659,205 crore ($87.1 billion), cash profit of Rs71,446 crore ($9.4 billion), and net profit of Rs39,880 crore ($5.3 billion) for the year ended 31 March 2021.
.webp)
