Reliance Industries and its partner BP plc of UK will invest about Rs 6,000 crore by 2016 to help sustain and improve recovery from the two main gas fields in the eastern offshore KG-D6 block.
Also, the two firms are working to develop 3-4 trillion cubic feet of gas discoveries off the east coast, BP India head Sashi Mukundan said at the India Energy Congress. He said the focus area was enhanced oil recovery as even a 1 per cent enhancement can add almost 8 per cent to the existing proved reserves of India-about 450 million barrels of additional reserves.
Gas output from Dhirubhai-1 and 3 (D1&D3) fields in KG-D6 block has dropped drastically from about 54 million standard cubic meters per day achieved in 2010-11 to just over 8 mmscmd due to unexpected water and sand ingress shutting wells after the drilling process.
RIL, BP to invest Rs.6,000 cr to improve gas recovery
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