Reliance Industries Limited begins gas production from Krishna Godavari -D6
Finally,the Mukesh Ambani-controlled Reliance Industries has begun gas production from Dhirubhai 1 and 3 discoveries in the KG-D6 block,amidst reports that the company may spend an additional $5.9 billion on developing fields in the Krishna-Godavari basin.
At peak production of oil & gas, the KG-D6 facility would produce over 550,000 barrels of oil equivalent per day. The company had planned to start gas production from September last year and later at the beginning of this year.
As reported by FE on March 2,the company aims at gas production of 80 million standard cubic meters a day(mmscmd) by December-end instead of an original target of 2011.
An RIL release said the initial production of gas from the Dhirubhai 1 and 3 will be sold to existing fertiliser and power companies, which will substantially cut the government’s subsidy burden.
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To read the ePaper, visit: http://epaper.financialexpress.com
At peak production of oil & gas, the KG-D6 facility would produce over 550,000 barrels of oil equivalent per day. The company had planned to start gas production from September last year and later at the beginning of this year.
As reported by FE on March 2,the company aims at gas production of 80 million standard cubic meters a day(mmscmd) by December-end instead of an original target of 2011.
An RIL release said the initial production of gas from the Dhirubhai 1 and 3 will be sold to existing fertiliser and power companies, which will substantially cut the government’s subsidy burden.
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com
Labels: Andhra Pradesh, barrels of oil, Dhirubhai, Dhirubhai 1 and 3, gas production, KG-D6 block, Mukesh Ambani, Reliance, Reliance Group, Reliance Industries Ltd
posted by PressMart Team at
1:53 PM
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