By 2019-20, Reliance Industries (RIL) aims to ramp up natural gas production from its KG-D6 fields to 60 mmscmd and to achieve this the firm plans to invest $6.5 billion.
Owing to water and sand ingress in some of the wells, gas output from the fields declined to around 14 mmscmd recently from a peak of 69.43 mmscmd in March 2010.
The KG-D6 fields began gas production in April 2009.
While the company carries out remedial measures to augment production from the currently producing Dhirubhai-1 & 3 (D1&D3) and MA fields, it plans to invest $3.155 billion in producing 20 mmscmd of gas from R-Series discoveries in the block and another $1.529 billion in four satellite fields to produce 10 mmscmd.
The firm plans to invest another $1.2 billion in other discoveries in the block. The company will invest $747 million in augmenting production from D1&D3 and MA fields by putting up booster compressor and repair work at the closed wells.
Towards operating expenses, the firm would spend another $6.151 billion besides $6.451 billion.
These investments were besides the $7.572 billion the company has already sunk in development of D1&D3 and MA fields, $1.261 billion of operating expenses and $1.094 billion in exploring for oil and gas in the block.