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

Technip installs ONGC process platform

Feb 27, 2015

Technip has completed installation of the 8,200-metric ton (9,038 ton) HRD process platform for Oil and Natural Gas Corp. Ltd. (ONGC) with Technip’s Unideck system. It was the first time the system has been deployed in Indian waters.

Partners submit Peregrino Phase 2 plan of development

Feb 27, 2015

Statoil and partner Sinochem have submitted the plan of development for the Peregrino Phase 2 project offshore Brazil to the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

100th Keppel FELS jackup drilling rig will go to PV Drilling

Feb 27, 2015

When Keppel FELS delivers PV Drilling VI, a KFELS B Class jackup rig, to PV Drilling Overseas, it will mark the 100th jackup Keppel FELS has built since 1970.

Schneider to supply E-Houses to Kaombo FPSO

Feb 27, 2015

Saipem has contracted Schneider Electric to design, fabricate, and pre-commission two technical buildings in support of the Kaombo FPSO project offshore Angola. 

Myanmar Offshore Supply to build new port facility for petroleum businesses

Feb 27, 2015

The Myanmar state of Mon has signed a memorandum of understanding with Myanmar Offshore Supply Base Ltd. to construct, manage, and operate a new port facility at the city of Mawlamyine.

  Offshore
Digital Magazine
Look Inside
Cover
Current Issue

Oil & Gas Jobs

Search More Job Listings >>