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 Transport

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Next Story
Equipment

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

Next Story
Resources

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->