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

Woodside lines up deepwater well offshore South Korea

Jan 15, 2015

Woodside Petroleum says it plans to drill an exploratory well this fall on the deepwater Ulleung basin block 8/6-1N offshore eastern South Korea.

HP/HT technology continues to advance

Jan 15, 2015 Faced with increasing drilling and production prospects in that part of the world called the "Ring of Fire," operators and their service suppliers are turning up the heat to design, build...

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

Trending News

EMGS licenses more Barents Sea data

Jul 1, 2015

Electromagnetic Geoservices ASA continues to find interest in its Barents Sea data. 

CIS completes Subsea 7 piling operation in the North Sea

Jul 1, 2015

Conductor Installation Services Ltd. (CIS), an Acteon company, has completed a subsea piling operation for Subsea 7 in the UK North Sea. 

Shell’s Arctic exploration to begin in late July

Jun 30, 2015

Royal Dutch Shell said it could begin its 2015 Arctic oil exploration drilling as early as the third week in July, Reuters reported. Forecasters predict that the sea ice over its prospects will begin to clear during that time.

Development drilling to accelerate at South Pars Phase 13

Jun 30, 2015

Drilling is expected to speed up at Phase 13 of the South Pars gas field development in the Persian Gulf following delivery of three new drilling rigs.

Samsung to construct Johan Sverdrup process, riser decks

Jun 30, 2015

Statoil has contracted Samsung to build the decks for the process and riser platforms for the Johan Sverdrup field in the central Norwegian North Sea.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>