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Reliance-BP completes investment for KG-D6 block revival

Thursday, 10 Oct 2019
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Reliance Industries (RIL) and its joint venture (JV) partner BP have completed an investment of around Rs 25,000 crore at its three offshore hydrocarbon assets in Krishna Godavari (KG) D6, over the last two years.

 

The JV will invest another Rs 10,000 crore in the blocks which are slated to commence production between mid-2020 and 2022. The companies expect a production of one billion cu ft of natural gas a day from its assets when all the three fields -- R Series, Satellite and MJ -- start pumping gas full throttle.

The commercial production from R-Series will begin from mid-2020, while Satellite and MJ fields will start selling gas in 2021 and 2022, respectively. RIL-BP received approval for developing MJ (also known as D55) field in June 2019.

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