RIL to begin production from Andhra coast in 2008
The company would install a floating production, storage and offloading (FPSO) vessel on the field for producing oil.
By PTI |
NEW DELHI: Reliance Industries plans to begin oil production from its MA oilfield off the Andhra coast by 2008-end, industry sources said here.
The company would install a floating production, storage and offloading (FPSO) vessel on the field for producing oil.
Reliance plans to call bids for supply of FPSO by the year end, the sources said.
Company officials could not be immediately reached for comments.
The FPSO at Reliance field would be India's only second such system with the first being imported by state-owned Oil and Natural Gas Corp (ONGC) to replace its fire devastated platform at Mumbai High fields.
Sources said Reliance wants a FPSO capable of handling 60,000 barrels per day of oil, 300 million cubic feet per day of gas and store 1.3 million barrels of crude.
The vessel would sit in 1,300 metres of water close to Reliance's huge D6 gas field in Block KG-DWN-98/3 and tap the MA oil and gas field, but with the ability to handle any satellite oil finds.
Gas would be re-injected for later use in the multi-trillion cubic foot D6 scheme, the first phase of which is due on stream in the second half of 2008, sources said.
Reliance is targeting June 2008 for first gas from its Dhirubhai-1 and 3 discoveries in D6. The development of the two finds would cost Reliance Industries and its 10 per cent partner Niko Resources of Canada around 2.3 billion dollars.
Reliance plans a total of 34 development wells in two phases, the first phase comprising 14 wells. The company expects an initial production of 40 million standard cubic metres per day, which would double eventually.
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