KG-D6 Development

Reliance Industries Ltd and its partner bp plc on Monday suspended a planned auction for sale of natural gas from their KG-D6 block following changes in gas marketing rules, the firms said in a notice

Mukesh Ambani's Reliance Industries (RIL) and global energy major BP said the two companies had sanctioned the second phase of integrated development for their D6 oil and gas block in the Krishna-Godavari (KG) basin."The companies are moving forward to develop the block's discovered deepwater gas fields in an integrated series of projects, bringing new gas production for India," it was stated. This 'satellite cluster' is the second of three projects in the KG-D6 block's integrated development.The cluster is a dry gas development and comprises four discoveries, with five wells' subsea development at 1,700 metres depth, up to 15 km east and southeast of the producing D1-D3 fields in KG-D6. The first of the three projects, development of the 'R-Series' deepwater gas fields, was sanctioned in June 2017 and is in execution phase, with all major contracts awarded. Analysts said the announcement was on expected lines, after the investment commitment made last year. The three projects are ...