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

CIMC Raffles delivers COSLProspector

Nov 20, 2014

CIMC Raffles has delivered in Yantai, Shandong, China, the fourth deepwater semisubmersible drilling rig built for COSL, the COSLProspector.

SeaBird receives LOI for 2D seismic survey in Southeast Asia

Nov 20, 2014

SeaBird Exploration Plc has received a letter of intent for a 2D seismic survey in Southeast Asia. The survey will have an estimated value of $12–13 million.

Lufeng oil find underlines Paleogene potential

Nov 19, 2014

CNOOC has proven a new oil field in the eastern South China Sea.

Pieter Schelte heads to Europe for construction completion

Nov 19, 2014

The Pieter Schelte, Allseas new platform installation/decommissioning and pipelay vessel, is on its way to Rotterdam for completion and testing.

Fosun completes Roc Oil acquisition

Nov 18, 2014

Fosun International Ltd.’s wholly owned subsidiary, Transcendent Resources Ltd., has closed the acquisition of Roc Oil Co. Ltd. (ROC), acquiring 92.6% of ROC’s outstanding share capital.

Trending News

Iran sanctions new wave of platform construction

Nov 26, 2014

New development projects are under way on two offshore Iranian fields in the Persian Gulf, according to news service Shana.

Gas reserves increase at Aphrodite offshore Cyprus

Nov 26, 2014

Delek Drilling says a review has raised estimated natural gas and condensate resources in the deepwater Aphrodite reservoir offshore Cyprus.

UK operators skeptical on ‘regime change,’ survey finds

Nov 26, 2014

Companies operating in the UK North Sea need to adapt to make the most of the sector’s potential, according to a new report from Deloitte.

Iran re-examines potential of Sepand gas field

Nov 26, 2014

Exploratory drilling has started at the Sepand gas field, 250 km (155 mi) from Kish Island in the Persian Gulf.

Topaz support vessel demand steady in Caspian, Middle East

Nov 26, 2014

Topaz Energy and Marine has added four new DP-2 platform supply vessels (PSVs) to its fleet this year: Topaz Seema, Topaz Xara, Topaz Faye, and Caspian Voyager

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>