Reliance Industries, the operator of Krishna Godavari-D6 (KG-D6) block with 60 per cent interest, plans to invest $3.18 billion in R-Series gas field in the KG-D6 block as it looks to reverse the decline in output by quickly bringing in new fields on production. The company estimates that output from KG-D6 can reach up to 60 mmscmd by 2019 when all of the satellite fields are put into production.
RIL and its partners BP plc of UK and Niko Resources, plan to produce 13-15 million standard cubic meters per day of gas for 13 years from D-34 discovery in the KG-DWN-98/3 or KG-D6 block. D-34 is part of what is known as R-Cluster of discoveries. R-Cluster comprises of four discoveries – D-29, 30, 31 and 34. Of these, only D-34 has so far been declared commercially viable while the Declaration of Commerciality (DoC) of others has been refused in absence of DGH prescribed tests confirming the discoveries.
The planned output from D-34, which is estimated to hold an in place reserve of 2.2 Trillion cubic feet, is equivalent to the combined current production from Dhirubhai-1 and 3 (D1&D3) gas field and MA field in the KG-D6 block.
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