Reports indicate that India's dependence on import for natural gas may increase in the coming years because of the dwindling output from the Reliance Industries' KG D6 basin. Output at the KG-D6 basin declined to an all-time low of 17.3 million standard cubic meters per day (mmscmd) recently. Of this, about 15.2 mmscmd was suppl
Tag: recovery
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DGH proposes stringent conditions for cost recovery
Directorate General of Hydrocarbon (DGH) opined that recovery of cost incurred by companies on exploration activity in the producing oil and gas fields must be allowed only under certain conditions. The upstream oil regulator recommended that the exploration firm must submit a feasible investment plan for producing from the discovery in order to be eligible for cost recovery
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RIL produces 1.58 tn cubic feet of gas till March 2012
Minister of State for Petroleum Panabaaka Lakshmi informed Lok Sabha that the actual cumulative natural gas production at Reliance Industries' (RIL) D-1, D-3 fields of KG D6 Block up to March 31, 2012, was 1.584 trillion cubic feet against the projected 2.030 trillion cubic feet. The decline in output in 2011-12 is attributed to water or sand ingress in six out of the total 18 gas producing wells in the D-1 and D
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RIL to drill probe well in KG D6
Niko Resources informed that its partner Reliance Industries (RIL) has spud its first exploration well in more than five years on the flagging natural gas fields in KG-D6 block. Niko is the minority partner of RIL in the Krishna Godavari basin block. RIL has spud the MJ-1 exploration well on the Dhirubhai-1 and 3 gas fields in the KG-DWN-98/3 or KG-D6 block in its efforts to explore new reserves to supplement falling
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Govt clears exploration in some oil and gas blocks
At a recent meeting of the National Secretary Advisor Shivshankar Menon and Principal Secretary to Prime Minister Pulok Chatterji, it was decided to clear Reliance Industries' (RIL) producing KG-D6 block and gas discovery area NEC-26. The meeting, held on February 27, decided to clear fully the exploration and production at the blocks and also
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CAG complains against RIL to oil ministry
Reports indicate that the Comptroller and Auditor General (CAG) wrote to the union petroleum minister M Veerappa Moily that Reliance Industries (RIL) was not cooperating with the audit of the spending on the flagging KG-D6 fields. It is learnt that the company declined to share the documents related to its legal case against the oil mini
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RIL, BP bank on $5 bn investment to reverse fall in output
According to a joint statement from Reliance Industries (RIL) and BP, their jointly proposed $5 billion investment includes testing of a new layer of natural gas under the rapidly depleting fields in the KG-D6 fields. Both the firms agreed to invest jointly of $5 billion in the next few years to boost natural gas output in the flagging Krishna Godavari (KG) D6 basin gradually from 201
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RIL, BP bank on $5 bn investment to reverse fall in output
According to a joint statement from Reliance Industries (RIL) and BP, their jointly proposed $5 billion investment includes testing of a new layer of natural gas under the rapidly depleting fields in the KG-D6 fields. Both the firms agreed to invest jointly of $5 billion in the next few years to boost natural gas output in the flagging Krishna Godavari (KG) D6 basin gradually from 201
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DGH updates home ministry on RIL
The Directorate General of Hydrocarbons (DGH) wrote to the home ministry that Reliance Industries (RIL) failed to perform its obligations in terms of international petroleum industry practices towards the Krishna Godavari gas block. DGH wrote this in a reply to the letter sent by the hom
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DGH updates home ministry on RIL
The Directorate General of Hydrocarbons (DGH) wrote to the home ministry that Reliance Industries (RIL) failed to perform its obligations in terms of international petroleum industry practices towards the Krishna Godavari gas block. DGH wrote this in a reply to the letter sent by the hom