According to media reports, the union petroleum ministry prefers to weed out contentious issues with Reliance Industries (RIL) through negotiations rather than through legal means. It may be recalled that both the ministry and the company are locked in a dispute over recovering cost of developing KG-D6 basin from the revenue. RIL resorted to ar
Tag: Krishna-Godavari
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RIL produces 22.04 mmscmd gas from KG-D6
A report from the Directorate General of Hydrocarbon (DGH) shows that natural gas output from Reliance Industries' KG-D6 field stood at 22.04 million standard cubic meters per day in the week ended December 30, 2012. The output belongs to Dhirubhai-1 and 3 gas fields and MA oil and gas field in the KG-DWN-98/3 or KG-D6 bloc
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OIL in the process of drilling wells in KG basin
Reports suggest that by the middle of 2013, Oil India (OIL) may start work on drilling wells in the KG Basin. OIL is said to be in advance stage of mobilising the rigs to the exploration site and the work is expected to by June-end or early July 2013. As part of its plan, the firm would drill three shallow wells and three deep water wells at a total cost of aro
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Output from RIL’s KG basin falls to 21 mmscmd
Reports suggest that natural gas output from D1, D3 and MA fields in Reliance Industries' (RIL) Krishna-Godavari basin stands at about 21 mmscmd after hitting a peak of 60 mmscmd in end-2009. Officials who are in the knowhow of the issue feel that
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Experts call for early solution on KG D6 issues
Industry experts suggest that the government, Reliance Industries and BP Plc work towards an early resolution of the issues holding up investments in Krishna-Godavari (KG)-D6 basin. They feel that improvement in production of natural gas from the basin is essential to meet the ever rising demand for the fuel in
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BP, RIL start drilling well on satellite fields
As part of its plan to develop four satellite gas fields for $1.529 billion, UK-based energy major BP started drilling a well on the D-19 field, also called Satellite-1 field. The field is located around the now producing Dhirubhai-1 and 3 or D1&D3 fields in the Krishna Godavari basi
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Gas output may decline in FY13
A recent report from the oil ministry shows that India's natural gas production may decline to around 104 mmscmd in 2012-13 from 114.90 mmscmd in the previous fiscal. The report attributes the possible decline in gas output mainly to the fall in KG-D6 output to 23 mmscmd from over 30 mmscmd last year. The report also expects a sharp rise in imports of lique
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RIL, BP secure oil supply tenders from Egypt
Reliance Industries (RIL) and its British partner BP secured large crude oil supply tenders from Egypt for 2013. Reports suggest that RIL secured the bulk (18 cargoes) on offer from EgyptĆās Ras Gharib terminal, winning around 1.5 million tonne of the heavy crude. BP managed to get 15 cargoes in 2013, amounting to 1.2 million
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DGH insists on separate testing at discoveries
Reports suggest that two months ago Reliance Industries (RIL) and its partner BP proposed to do a single Drill-Stem Test (DST) on their three finds -D-29, 30 and 31 at KG basin- to establish them as commercially viable finds. However, it is learnt that the Directorate General of Hydrocarbons (DGH) rejected the proposal as it feels that
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We should collaborate in O&G and renewables
Bas JA Van Vroonhoven, Manager, Business Development of FME Association, the largest organisation in the Netherlands representing employers and businesses in the technological industry.