Production begins from Krishna Godavari basin

Production has begun from the KG-D6 block of the Krishna Godavari basin, according to Reliance Industries.

Offshore staff

MUMBAI -- Production has begun from the KG-D6 block of the Krishna Godavari basin, according to Reliance Industries. Initial production is 5,000 b/d of crude oil and the field is expected to reach its peak hydrocarbon production of 550,000 boe/d over the next six to eight quarters.

Reliance KG-D6 will account for 40% of the country's current indigenous hydrocarbon production, the company says. It is estimated that the production from KG-D6 facility will save India an annual foreign exchange outflow of $20 billion.

09/25/2008

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