Stay Connected

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

Geotechnical vessel targets Asia/Pacific deepwater needs

Nov 22, 2013

Fugro’s offshore geotechnical division has taken delivery of the purpose-built DP-2 vessel Fugro Voyager.

Harkand ramps up activity in Asia Pacific

Nov 21, 2013

Harkand has increased its Asia Pacific presence through a series of multimillion-dollar contracts.

Trending News

Shell strengthens Western Gulf of Mexico position through Lease Sale 238 win

Aug 20, 2014

Shell says it continues to build on its position in the Perdido fold belt by adding a block in the Western Gulf of Mexico region through the US Bureau of Ocean Energy Management’s Lease Sale 238. 

Ampelmann, TSG Marine design new motion-compensation offshore lift

Aug 20, 2014

On Aug. 20, in a refurbishment program to upgrade lifeboats on offshore platforms, Ampelmann completed a second successful re-installation using its full motion compensation technology.

TDW completes pipeline pressure operation in Gulf of Thailand

Aug 20, 2014

PTT Exploration and Production Public Co. Ltd (PTTEP) recently partnered with T.D. Williamson (TDW) to help replace three topside valves on its Bongkot platform in the Gulf of Thailand.

Blueback Reservoir and Cegal to partner

Aug 20, 2014

Blueback Reservoir and Cegal plan to merge in order to combine and expand their offerings and to provide petrotechnical solutions for the oil and gas industry.

Western Gulf of Mexico lease sale high bids total more than $109 million

Aug 20, 2014

Western Gulf of Mexico Lease Sale 238 attracted $109,951,644 million in high bids for 81 tracts covering 433,823 acres on the US outer continental shelf. A total of 14 offshore oil and gas companies submitted 93 bids.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

View more Job Listings >>