RIL-BP restart gas production from R-series
PORTS & SHIPPING

RIL-BP restart gas production from R-series

Reliance Industries (RIL) is ready to kickstart gas production from discoveries in its eastern offshore KG-D6 block soon. The production could begin any time as the platforms and installations are said to be all ready to use. RIL and its partner BP are investing Rs 40,000 crore in this second wave of discoveries which include Satellites and MJ Fields.

RIL said that it will commission the project in R-series in the ongoing third quarter. The wells have been dug, connected, and tested, with the completion of subsea fittings.

The pandemic and uneven supply chains have delayed production from R-series by six months. The balance works on control and riser platforms were under construction at that time. The production from Satellites and MJ Fields will now be obtained in the next financial year. Production from KG-D6, in the Krishna-Godavari basin, stopped in February. It made 19 gas discoveries in the KG-D6 block. The new investment by RIL and BP will help them achieve a fruitful output of around Rs 2.8 crore standard cu m per day by 2023-24.

BP had acquired 30% stake in most of RIL’s oil and gas blocks in 2011. It also purchased the gigantic eastern offshore KG-D6 fields. BP Plc entered into business with RIL as an equity partner since there was a decline in production quantity. For the last five years, the E&P business of RIL has seen quite a downfall. In July, BP invested Rs 7,000 crore in RIL’s fuel retailing joint venture. It purchased 49% of RIL’s stakes.

Source - Business Today

Reliance Industries (RIL) is ready to kickstart gas production from discoveries in its eastern offshore KG-D6 block soon. The production could begin any time as the platforms and installations are said to be all ready to use. RIL and its partner BP are investing Rs 40,000 crore in this second wave of discoveries which include Satellites and MJ Fields. RIL said that it will commission the project in R-series in the ongoing third quarter. The wells have been dug, connected, and tested, with the completion of subsea fittings. The pandemic and uneven supply chains have delayed production from R-series by six months. The balance works on control and riser platforms were under construction at that time. The production from Satellites and MJ Fields will now be obtained in the next financial year. Production from KG-D6, in the Krishna-Godavari basin, stopped in February. It made 19 gas discoveries in the KG-D6 block. The new investment by RIL and BP will help them achieve a fruitful output of around Rs 2.8 crore standard cu m per day by 2023-24. BP had acquired 30% stake in most of RIL’s oil and gas blocks in 2011. It also purchased the gigantic eastern offshore KG-D6 fields. BP Plc entered into business with RIL as an equity partner since there was a decline in production quantity. For the last five years, the E&P business of RIL has seen quite a downfall. In July, BP invested Rs 7,000 crore in RIL’s fuel retailing joint venture. It purchased 49% of RIL’s stakes.Source - Business Today

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?