RIL to increase KG-D6 gas output
NEW DELHI: Reliance Industries
will add about 1-3 million standard cubic meters per day of gas
production at its eastern offshore KG-D6 fields this month as it begins
the process of reversing the trend of falling output.
RIL and its partners BP plc of UK and Canada's Niko Resources have spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.
The well, MA-8, is likely to be put on production this month, sources with direct knowledge of the development said.
MA-8 is projected to produce a minimum of 1 mmscmd and a maximum of 3 mmscmd, they said.
At 3 mmscmd, MA-8 will be RIL's biggest gas producer well on KG-D6 currently.
Production at KG-D6 has dropped to just about 12 mmscmd and MA-8 will help reverse the falling trend of last three years.
The current output is made up of about 8.5 mmscmd from Dhirubhai-1 and 3 (D1&D3) gas field and about 3.3 mmscmd from the MA field in the same block.
Sources said RIL is also repairing a third of the wells shut at its main D1&D3 gas field to boost output by March.
RIL had to shut 10 out of the 18 producing wells on D1&D3 due to sand and water flooding.
It had also shut two of the six wells at the MA field due to high water and sand ingress. MA-8 will be the seventh well on the field.
The KG-D6 fields, which began gas production in April 2009, hit a peak output of 69.43 mmscmd in March 2010 before water and sand ingress shut down well after well.
D1&D3, the largest of the 18 gas discoveries in the KG-D6 block, produced 66.35 mmscmd, while 3.07 mmscmd was the output from the MA field, the only oil discovery on the block.
Besides the fall in output from D1&D3, gas production from the MA field, which had hit a peak of 6.78 mmscmd in January 2012, has dropped.
Of the current gas production from KG-D6, 11.7 mmscmd was sold to urea manufacturing fertiliser plants and the remaining consumed by the pipeline that transports the KG-D6 gas, sources said.
The company has so far made 18 gas and one oil discovery in the Krishna Godavari basin block in Bay of Bengal. While the lone oil find, MA went on stream in September 2008, D1&D3 were put on production in April 2009.
http://timesofindia.indiatimes.com/business/india-business/RIL-to-increase-KG-D6-gas-output/articleshow/28331115.cms
RIL to hike KG-D6 gas output news
Days after the union cabinet allowed Reliance Industries and other
domestic gas producers to double the sale price of natural gas they
produce, RIL today said it will add about 1-3 million standard cubic
meters per day to gas production at its eastern offshore KG-D6 fields
this month, reversing the trend of falling output.
RIL
and its partners BP plc of UK and Canada's Niko Resources will raise
natural gas output from a new well in the prolific KG-D6 field, which
could help the company to reverse months of declining output.
The company has spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.
The well, MA-8, is likely to be put on production this month, sources with direct knowledge of the development said.
RIL expects to add between 1.5 and 2 million standard cubic metres a day (mmscmd) by this month from its current output level of around 12 mmscmd.
- See more at: http://www.domain-b.com/companies/companies_r/Reliance_Industries/20140103_gas_output.html#sthash.lZmPHIXx.dpuf
RIL to hike KG-D6 gas output news
Days after the union cabinet allowed Reliance Industries and other
domestic gas producers to double the sale price of natural gas they
produce, RIL today said it will add about 1-3 million standard cubic
meters per day to gas production at its eastern offshore KG-D6 fields
this month, reversing the trend of falling output.
RIL
and its partners BP plc of UK and Canada's Niko Resources will raise
natural gas output from a new well in the prolific KG-D6 field, which
could help the company to reverse months of declining output.
The company has spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.
The well, MA-8, is likely to be put on production this month, sources with direct knowledge of the development said.
RIL expects to add between 1.5 and 2 million standard cubic metres a day (mmscmd) by this month from its current output level of around 12 mmscmd.
- See more at: http://www.domain-b.com/companies/companies_r/Reliance_Industries/20140103_gas_output.html#sthash.lZmPHIXx.dpuf
RIL and its partners BP plc of UK and Canada's Niko Resources have spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.
The well, MA-8, is likely to be put on production this month, sources with direct knowledge of the development said.
MA-8 is projected to produce a minimum of 1 mmscmd and a maximum of 3 mmscmd, they said.
At 3 mmscmd, MA-8 will be RIL's biggest gas producer well on KG-D6 currently.
Production at KG-D6 has dropped to just about 12 mmscmd and MA-8 will help reverse the falling trend of last three years.
The current output is made up of about 8.5 mmscmd from Dhirubhai-1 and 3 (D1&D3) gas field and about 3.3 mmscmd from the MA field in the same block.
Sources said RIL is also repairing a third of the wells shut at its main D1&D3 gas field to boost output by March.
RIL had to shut 10 out of the 18 producing wells on D1&D3 due to sand and water flooding.
It had also shut two of the six wells at the MA field due to high water and sand ingress. MA-8 will be the seventh well on the field.
The KG-D6 fields, which began gas production in April 2009, hit a peak output of 69.43 mmscmd in March 2010 before water and sand ingress shut down well after well.
D1&D3, the largest of the 18 gas discoveries in the KG-D6 block, produced 66.35 mmscmd, while 3.07 mmscmd was the output from the MA field, the only oil discovery on the block.
Besides the fall in output from D1&D3, gas production from the MA field, which had hit a peak of 6.78 mmscmd in January 2012, has dropped.
Of the current gas production from KG-D6, 11.7 mmscmd was sold to urea manufacturing fertiliser plants and the remaining consumed by the pipeline that transports the KG-D6 gas, sources said.
The company has so far made 18 gas and one oil discovery in the Krishna Godavari basin block in Bay of Bengal. While the lone oil find, MA went on stream in September 2008, D1&D3 were put on production in April 2009.
http://timesofindia.indiatimes.com/business/india-business/RIL-to-increase-KG-D6-gas-output/articleshow/28331115.cms
Shell to have 30% stake in GAIL’s Kakinada LNG project
New Delhi, Nov 24:
Royal Dutch Shell, Europe’s largest oil company, is
likely to take a 30 per cent stake in GAIL India Ltd’s proposed floating
liquefied natural gas import terminal project at Kakinada in Andhra
Pradesh.
Shell last year had announced plans to build
a floating LNG of up to 5 million tonnes per annum capacity off
Kakinada coast in a JV with Anil Ambani Group firm Reliance Power.
But
Reliance Power earlier this year exited the project and now Shell has
decided to join the GAIL-led project which was announced in 2011.
Sources privy to talks said Shell, GAIL and the AP government are talking about the possible equity structure.
Shell,
they said, may take 30 per cent stake. Europe’s largest LNG importer
GDF Suex UK with whom GAIL originally planned the Kakinada terminal will
take 26 per cent.
The remaining 44 per cent will be
held by Andhra Pradesh Gas Distribution Corp Ltd a company jointly
promoted by GAIL Gas Ltd and Andhra Pradesh Gas Infrastructure Corp Pvt
Ltd. GAIL Gas is wholly-owned subsidiary of GAIL India.
When
contacted, a Shell India spokesperson said: “Shell can confirm that the
company is in exploratory discussions with GAIL and other potential
partners on the Kakinada LNG project. As the discussions are still
preliminary, we cannot comment on any specifics at the moment.”
Sources said the Floating Storage and Regasification Unit in offshore Andhra Pradesh will be commissioned by 2015.
The
import terminal would have a 3.5-5 million tonnes per annum capacity
and will be used to cater to gas demand in Andhra Pradesh and
neighbouring states.
While Shell already operates a 5
million tonne LNG import facility at Hazira in Gujarat, GDF Suez is
present in India in the natural gas business since 1997, with a 10 per
cent stake in Petronet, the owner of LNG import terminals in Dahej and
Kochi. FSRU is a faster and low-cost solution for LNG importation. This
is the first of its kind in India.
Kakinada is also
the landfall point of billionaire Mukesh Ambani-led Reliance Industries’
flagging KG-D6 gas fields in the Bay of Bengal, and a near 1,400-km
line carries the fuel from to consumption centres in the west.
The
continuing fall in KG-D6 output has triggered a rush for setting up of
LNG import facilities to meet the growing energy demands.
Petronet
LNG - the nation’s largest importer of gas in its liquid form in ships -
too is building a 5 million tonne facility at Gangavaram in Andhra
Pradesh by 2016.
In intervening period to the
construction of the Rs 4,000 crore Gangavaram terminal, Petronet plans
to hire a floating LNG terminal to begin imports of fuel immediately.
State refiner Indian Oil Corp also is doing a front-end engineering and design study for a terminal at Ennore in Tamil Nadu.
RIL to hike KG-D6 gas output news
| 03 January 2014 | |
RIL
and its partners BP plc of UK and Canada's Niko Resources will raise
natural gas output from a new well in the prolific KG-D6 field, which
could help the company to reverse months of declining output.The company has spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.
The well, MA-8, is likely to be put on production this month, sources with direct knowledge of the development said.
RIL expects to add between 1.5 and 2 million standard cubic metres a day (mmscmd) by this month from its current output level of around 12 mmscmd.
- See more at: http://www.domain-b.com/companies/companies_r/Reliance_Industries/20140103_gas_output.html#sthash.lZmPHIXx.dpuf
RIL to hike KG-D6 gas output news
| 03 January 2014 | |
RIL
and its partners BP plc of UK and Canada's Niko Resources will raise
natural gas output from a new well in the prolific KG-D6 field, which
could help the company to reverse months of declining output.The company has spud the seventh well on the MA oil and gas field in the KG-DWN-98/3 or KG-D6 block in Krishna Godavari basin.
The well, MA-8, is likely to be put on production this month, sources with direct knowledge of the development said.
RIL expects to add between 1.5 and 2 million standard cubic metres a day (mmscmd) by this month from its current output level of around 12 mmscmd.
- See more at: http://www.domain-b.com/companies/companies_r/Reliance_Industries/20140103_gas_output.html#sthash.lZmPHIXx.dpuf
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