BP, RIL plan major expansion of gas production from offshore India

Offshore staff

DELHI, India – BP (NYSE:BP) and Reliance Industries Ltd. have updated plans for joint development to increase production from block KG D6 offshore India. The joint venture has a series of projects that aim to develop about 4 tcf (113.27 bcm) of natural gas from the block.

Plans include spending of about $5 billion over the next three to five years, a field optimization plan to augment production starting in 2014, development of R-Series and Satellite fields, drilling to test possible production below the current reservoirs, and examination of KG D6 infrastructure as a possible hub for the eastern coast of India.

Bob Dudley, BP Group CEO and Mukesh Ambani, chairman and managing director of RIL revealed the plans in an update to Veerappa Moily, India’s minister of petroleum and natural gas.

“Gas from these projects will deliver energy to millions of Indians and would significantly help India in reducing import dependence,” said Moily. “My ministry is committed to provide necessary support to promote such investment in the domestic oil and gas sector.

“We will do the needful to fasttrack these projects and help them attain economic viability.”

2/20/2013

Related Articles

Salamander reports record output from Bualuang oil field offshore Thailand

Jan 14, 2015

Oil production from the Salamander Energy-operated Bualuang field in the Gulf of Thailand averaged 15,000 b/d during the second half of 2014.

JGC orders boiler system for Petronas FLNG

Jan 13, 2015

JGC Corp. has ordered from SAACKE Marine Systems a complete high-temperature water boiler system for Petronas’ second FLNG vessel.

Atwood contracts Mako

Jan 13, 2015

Atwood Oceanics Inc. (NYSE: ATW) has agreed to provide drilling services with the jackup rig Atwood Mako

McDermott installs Kepodang platform topsides offshore Indonesia

Jan 9, 2015

McDermott International Inc. has completed the installation of a 3,086-ton central processing platform (CPP) topsides at the Kepodang gas field offshore Indonesia.

Otto gets farm-in query on Philippines SC 55

Jan 9, 2015

Otto Energy Ltd. says that PNOC Exploration Co. (PNOC-EC) has expressed an interest in farming into SC 55 for a 15% working interest.

Trending News

BSEE, USGC respond to Energy XXI platform fire

Jan 23, 2015

The Bureau of Safety and Environmental Enforcement (BSEE) is responding to a damaged unmanned platform in South Timbalier block 27 in the Gulf of Mexico.

OneSubsea announces Jack/St. Malo involvement

Jan 23, 2015

Chevron Corp. recently achieved first oil from the Jack and St. Malo fields in the Gulf of Mexico. OneSubsea, a Cameron and Schlumberger company, supplied the subsea production and processing systems for these deepwater fields.

New Saudi King pledges continuity in energy and foreign policies

Jan 23, 2015

As King Abdullah bin Abdulaziz was laid to rest and his brother Salman became king of the world’s top oil exporter, Brent crude oil rose on Friday to a high of $49.80, up $1.28/bbl, before easing to around $49.20.

UK government steps up consultations on offshore tax relief

Jan 23, 2015

Oil & Gas UK has welcomed a further consultation by Britain’s government on a basin-wide UK offshore investment allowance.

Petrobras hails lower-cost subsea tree deployment

Jan 23, 2015

Petrobras says it deployed its first wet christmas tree at the end of last year using cables in the presalt area of the Santos basin.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>