<p>The Dhirubhai-34 discovery, known as the R-Series field, has gross in-place gas reserves of 1.64 trillion cubic feet, which, according to Reliance, can be brought into production in 4-5 years, sources privy to the development said.<br /><br />The proposal to declare the field commercially viable -- a prerequisite before investments can be made to bring it to production -- is likely to come up before the KG-D6 block oversight committee this week.<br /><br />The Management Committee for KG-D6 has one member each from Reliance and its two partners, BP Plc of the UK and Niko Resources of Canada, besides oil regulator DGH and the Petroleum Ministry.<br /><br />Sources said the MC is likely to consider Declaration of Commerciality of four discoveries -- Dhirubhai-29, 30, 31 and 34 -- in the KG-DWN-98/3, or KG-D6, block. The DGH has raised objections on technical data for the D-29, 30 and 31 finds and has asked Reliance to withdraw the current proposal and resubmit it later.<br /><br />The MC will only consider the DoC for the D-34 field.<br />Reliance believes D-34 can produce 14.68 mmscmd of gas from 11 wells for eight years, they said, adding that the investment figures were only tentative, with a limited view of assessing commerciality of the find and a firm field development plan would be submitted after the DoC is approved.<br /><br />It had previous submitted a FDP for four satellite fields surrounding the currently active Dhirubhai-1 and 3 (D1 and D3) fields in KG-D6 block. The proposal to invest USD 1.529 billion for producing up to 10 mmscmd of gas from the Dhirubhai-2, 6, 19 and 22 (D-2, D-6, D-19 and D-22) fields in the KG-D6 block by 2016 is awaiting Oil Ministry approval.<br /><br />Sources said Reliance believes D-29, 30, 31 and 34 hold gross in-place reserves of 2.2 trillion cubic feet and can produce a peak output of up to 20 mmscmd. But since the DGH has asked D-29, 30 and 31 to be disassociated, the D-34 reserves of 1.267 tcf are being considered.<br /><br />The company has so far made 18 gas discoveries in the KG-D6 block. Of these, D-1 and D-3 -- the largest among the lot -- were brought into production from April, 2009.<br /><br />It had in July, 2008, submitted a FDP for nine satellite gas discoveries (D-2, D-4, D-6, D-7, D-8, D-16, D-19, D-22 and D-23) with an estimated capex of USD 5.6 billion and reserves of 1,708 billion cubic feet (bcf).<br /><br />Reliance later submitted an optimised development plan for the four satellite gas fields at the end of year 2009.<br /><br />Reliance estimated 1,733 bcf of in-place gas reserves in the four finds, of which 626 bcf can be produced. However, the DGH trimmed down the estimates to 1,342 bcf and 617 bcf, respectively.</p>
<p>The Dhirubhai-34 discovery, known as the R-Series field, has gross in-place gas reserves of 1.64 trillion cubic feet, which, according to Reliance, can be brought into production in 4-5 years, sources privy to the development said.<br /><br />The proposal to declare the field commercially viable -- a prerequisite before investments can be made to bring it to production -- is likely to come up before the KG-D6 block oversight committee this week.<br /><br />The Management Committee for KG-D6 has one member each from Reliance and its two partners, BP Plc of the UK and Niko Resources of Canada, besides oil regulator DGH and the Petroleum Ministry.<br /><br />Sources said the MC is likely to consider Declaration of Commerciality of four discoveries -- Dhirubhai-29, 30, 31 and 34 -- in the KG-DWN-98/3, or KG-D6, block. The DGH has raised objections on technical data for the D-29, 30 and 31 finds and has asked Reliance to withdraw the current proposal and resubmit it later.<br /><br />The MC will only consider the DoC for the D-34 field.<br />Reliance believes D-34 can produce 14.68 mmscmd of gas from 11 wells for eight years, they said, adding that the investment figures were only tentative, with a limited view of assessing commerciality of the find and a firm field development plan would be submitted after the DoC is approved.<br /><br />It had previous submitted a FDP for four satellite fields surrounding the currently active Dhirubhai-1 and 3 (D1 and D3) fields in KG-D6 block. The proposal to invest USD 1.529 billion for producing up to 10 mmscmd of gas from the Dhirubhai-2, 6, 19 and 22 (D-2, D-6, D-19 and D-22) fields in the KG-D6 block by 2016 is awaiting Oil Ministry approval.<br /><br />Sources said Reliance believes D-29, 30, 31 and 34 hold gross in-place reserves of 2.2 trillion cubic feet and can produce a peak output of up to 20 mmscmd. But since the DGH has asked D-29, 30 and 31 to be disassociated, the D-34 reserves of 1.267 tcf are being considered.<br /><br />The company has so far made 18 gas discoveries in the KG-D6 block. Of these, D-1 and D-3 -- the largest among the lot -- were brought into production from April, 2009.<br /><br />It had in July, 2008, submitted a FDP for nine satellite gas discoveries (D-2, D-4, D-6, D-7, D-8, D-16, D-19, D-22 and D-23) with an estimated capex of USD 5.6 billion and reserves of 1,708 billion cubic feet (bcf).<br /><br />Reliance later submitted an optimised development plan for the four satellite gas fields at the end of year 2009.<br /><br />Reliance estimated 1,733 bcf of in-place gas reserves in the four finds, of which 626 bcf can be produced. However, the DGH trimmed down the estimates to 1,342 bcf and 617 bcf, respectively.</p>