RIL-BP sanction satellite gas field development in KG-D6

The RIL-BP combine will develop a cluster of four gas discoveries in the Krishna Godavari basin block by 2020-22, the two firms said in a joint statement.

NEW DELHI: Reliance Industries (RIL) and BP will award contracts for the development of their ‘Satellite cluster’ in the KG D6 block in six to eight weeks, a company executive has said.

The two companies on Thursday announced sanctioning of ‘Satellite cluster’, the second of three projects in D6 integrated development.

Development of ‘R-Series’ deepwater gas fields, the first of the three projects, was sanctioned in 2017.


Together, the three projects are expected to produce 30-35 million cubic metres of gas a day, phased over 2020-2022.

“In consonance with our announcements last year to raise domestic gas production, we are delighted to announce the on-schedule progress of the Satellite cluster in the east coast of India,” Mukesh Ambani, chairman at RIL, said in a statement.

BP group chief executive Bob Dudley said the investment “is a further demonstration of BP’s commitment to India”.
ADVERTISEMENT

Satellites cluster is a dry gas development project and comprises four discoveries with five well subsea development in 1,700 metres water depth, up to 15 kilometres east and southeast of the producing D1D3 fields in KG D6, the companies said in a statement.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

Related Companies

More from our Partners

Loading next story
Business News › Industry › Energy › Oil & Gas › RIL-BP sanction satellite gas field development in KG-D6
Text Size:AAA
Success
This article has been saved

*

+