The decline in the supply of natural gas from Reliance Industries' (RIL) KG D6 basin to gas-based power plants may prompt these units to import costly
R-LNG to operate their facilities. Anticipating sufficient gas availability, power producers set up a substantial amount of gas-based power capacity in recent
Tag: Krishna-Godavari
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Import of natural gas to operate power plants
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RIL to ramp up gas output from $6.5 bn investment
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
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GAIL plant does not receive gas from KG-D6
Liquefied Petroleum Gas (LPG) plants of GAIL has reportedly stopped receiving natural gas from Reliance Industries' KG-D6 block because of falling output in the area. Supply to the plant was stopped because gas output at KG-D6 declined to just over 14 mmscmd which is enough to met the requirement of fertiliser plants. Fertiliser plants are given top priority in gas supplies
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Deepest oil well drilled by ONGC at KG basin
According to a company statement, ONGC drilled the well 1-D-1 in a block at Krishna Godavari basin. This is the deepest well drilled by the firm at a water depth of 10,411 feet (3,174 meters). The well was drilled at the block KG-DWN-2005/1. The state-owned firm drilled over 100 deepwater wells since 2004. A large number of these wells are in water depth beyond 5,000 feet in environmentally and logistically difficult areas of east and west coast, ranging from
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CAG may study impact of price hike on RIL
Media reports indicate that the Comptroller and Auditor General (CAG) would study the impact of the recent hike in the price of natural gas on the financial position of Reliance Industries (RIL). For natural gas sourced from RIL's KG D6 basin, the hike in the price would be effective from April 2014, when the contractual price agreement between the firm and the government expires
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RIL relinquishes 2 gas fields at KG Basin
Owing to non-lucrative natural gas prices, Reliance Industries (RIL) relinquished two natural gas fields at the KG Basin, media reports indicate. After RIL discovered gas in the two blocks, it took them to the Directorate General of Hydrocarbons (DGH) to declare them commercially viable Ćā declaration of commerciality, in jargon
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Power plants to get RIL’s gas under swap deal
Under a so-called gas swapping arrangement, Hyderabad-based Bhagaynagar Gas (BGL) and power plants in Andhra Pradesh would get natural gas from Reliance Industries' KG-D6 fields. The gas would be supplied to BGL and power plants in Andhra Pradesh by diverting a part of gas allocated to Rashtriya Chemicals and Fertilizers (RCF) from RIL's fields
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New gas finds may raise output of RIL
Some analysts expect that the new gas finds of Reliance Industries (RIL) in the KG-D6 block may raise the production of natural gas from the asset. RIL has recently announced a major gas find more than 4 km below the sea bed and 2 km directly
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Oil India gets green nod for exploration in KG block
Oil India (OIL) received approval from the union Ministry of Environment and Forests ( MoEF) for its proposed exploration activities in KG-ONN-2004/1 block in the Krishna-Godavari basin. According to a letter from the union ministry, OIL has been allowed to conduct prospecting exploration activities over an extent of 55 sq km of forest land in the b
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Cairn finds exploration not feasible in entire KG block
In a letter to the union oil ministry, Cairn India said a quarter of its KG basin block area falling on both sides of "no go area" is operationally not feasible and offered to surrender it to the government. For proper and effective exploration, only 40 per cent of the original contract area of KG-OSN-2009/3 block is feasible, it wrote