Reliance Industries (RIL) intends to drill six additional exploration/appraisal wells in the KG-D6 block in 2010. It has proposed to invest $1.5 billion (approx Rs 6,975 crore) more in the proposed block in developing satellite gas finds.

So far, RIL has made 19 discoveries - 18 gas and one oil - in deep-sea block KG-DWN-98/3 or KG-D6. Of these, it developed Dhirubhai-1 and 3 gas fields in Phase I at an investment of $8.836 billion (approx Rs 41,059.5 crore).

Dhirubhai-1 and 3 fields, which began gas production in April 2009, hold 10.03 trillion cubic feet (tcf) of reserves. The fields are currently producing about 60 mmscmd which is expected to reach to 80 mmscmd in 2010.

RIL has already submitted a field development plan to the Directorate General of Hydrocarbons for the four discoveries that it estimates hold 0.6 tcf of recoverable reserves.

RIL holds 90 per cent interest in the block and the remaining 10 per cent is with its other partner Niko Resources.

Also See:

RIL discovers more gas in Krishna basin (22-Dec-09)