RIL gas output will hit all-time low in FY15, says Reddy

RIL gas output will hit all-time low in FY15, says Reddy

Reliance Industries’ (RIL) eastern offshore KG-D6 gas fields are likely to see output drop to all-time low of 20 million standard cubic meters per day in 2014-15, Oil Minister S Jaipal Reddy said on Tuesday.

KG-D6, which had hit a peak output of 61.5 mmscmd in March 2010, is currently producing less than 34 mmscmd from Dhirubhai-1 and 3 (D1&D3) gas fields and MA oilfield.

The output from the fields this fiscal would average 28 mmscmd, Reddy said in a written reply to a question in the Rajya Sabha. A larger than anticipated drop in reservoir pressure coupled with water and sand ingress in well led to D1&D3 gas fields output declining since the second half of 2010. Reddy said KG-D6 gas production in 2013-14 is projected to drop to 24 mmscmd.

RIL had started gas production from KG-D6 in April 2009 with an output of 30 mmscmd. This hit a peak of 61.5 mmscmd a year later but has since then been declining.

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