loading

        KingKonree - Solid Surface Manufacturer of Sanitary Ware, Solid Surface Countertops & Sheets for over 24 years, innovation in moulding and thermoforming

Reliance Industries has informed oil regulator

RIL on February 19 informed the oil regulator Directorate General of Hydrocarbons (DGH) that four smaller gas finds, surrounding the D-1 and D-3 fields, which are currently producing around 62 mmscmd of gas, can be commercially exploited, sources in know of development said.

RIL estimates that four smaller gas finds in the prolific KG-D6 block may contain 1-2 Trillion cubic feet of reserves and may help prolong peak output of 80 million standard cubic meters per day (mmscmd) from the block, sources said.

'These four finds were made in 2008 and RIL had at that time notified them as discoveries. They have now submitted 'Potential Commercialilty Interest' which means that they can be exploited commercially,' a source said.

Once DGH approves commerciality, RIL will submit a detailed development plan, detailing investment and production potential.

RIL has so far made 25 oil and gas discoveries in KG-D6, of which two - D1 and D3, have been put on production at an investment of $ 8.836 billion. Besides D1 and D3 gas fields and MA oil discovery, nine other gas finds were previously declared commercial and now four more may be added to the list.

In 2008, RIL submitted plans to invest $ 5.91 billion in nine satellite finds but later pruned the list to just four considering government-fixed gas price of $ 4.20 per million British thermal unit did not justify such high additional investment.

The company on December 29 revised this to $ 1.5 billion spanning 0.6 Trillion cubic feet recoverable reserves in the four finds that could produce 10 mmscmd for 6 years.

The remaining five discoveries had been kept for developing at a later date, sources said adding these five and the four finds that are now in the process of being declared commercial may be clubbed together for development.

It will take 4-5 years to bring to production the four finds for which field development plan (FDP) has been submitted and the other finds may not come into production before 2016 by when D1 and D3 output would have hit decline phase.

The discoveries would be tied-up with Dhirubhai 1 and 3 (or D1 and D3) production facilities, which are designed to handle 80 mmscmd of output.

Sources said the mining licence for most of the 1.9 million acres of KG-DWN-98/3 or KG-D6 block has expired that it would need extension from the government to do additional exploration work.

The mining license expiry, however, may not impact the approved commercial finds which would be more governed by the field development plan approved by the DGH and the government.

GET IN TOUCH WITH Us
recommended articles
Info Center Knowledge Project
Why Solid Surface Counter Top Basins are the Best Choice for Busy Families?

In a fast-paced world where time is of utmost essence, busy families need products that can make their lives easier.
Solid Surface Tubs: The Best Choice for a Contemporary Bathroom

When it comes to designing your bathroom, selecting the right tub is an essential part of creating a lavish and comfortable space.
Introduction:

Adding a countertop basin to your bathroom can be a fantastic way to add some personality and style to your space.
Luxury and Durability Combined: Exploring Solid Surface Tubs

A warm bath is one of life's simple luxuries, and when it comes to choosing the perfect tub for your bathroom, there are a lot of considerations to keep in mind.
Transform Your Bathroom with a Stunning Solid Surface Tub

As an essential part of our home, the bathroom deserves to be a place where we can relax and unwind after a long day.
Unparalleled Elegance: The Allure of Stone Resin Bathtubs

Stone resin bathtubs sway the bathroom market with their unique, modern aesthetics mixed with an all-natural component.
Do Counter Top Basins Come in Different Shapes and Sizes?

If you're looking for a new countertop basin, you may be wondering if they come in different shapes and sizes.
Why Solid Surface Tubs Are the Best Choice for Your Bathroom?

If you are looking for the perfect solution to enhance the look and functionality of your bathroom, consider installing a solid surface tub.
How to Clean and Maintain Your Solid Surface Tub?

If you have recently installed a solid surface tub in your home, then you have made a great decision.
no data


About Us

KingKonree is not only a professional China sanitary ware brand, but also a specialist focus on exporting service since it's establishment in 2000. The products we prize is the combination of quality and design.

 Company Info

Address:Room No. 2408-2508, Building 5A, Longguang Jiuzuan, Longhua District, Shenzhen, China

Zip Code: 518131

Tel: +86 (0)755-82875700

Fax: +86 (0)755-82875921

Email: cherry@kingkonree.com

All rights reserved © 2024 Kingkonree International China Surface Industrial Co., Ltd | Privacy Policy Sitemap
Customer service
detect