Reliance and its partner BP today announced the first gas from the R Cluster, an ultra-deepwater gas field in the KG D6 block off the east coast of India.
The two companies are developing three deepwater gas projects in the KG D6 block (R Cluster, Satellites Cluster and MJ) that together are expected to meet 15% of India’s gas demand by 2023, the companies said. two firms in a joint statement. These projects will use the existing core infrastructure in block KG D6.
The field is expected to reach plateau gas production of approximately 12.9 million standard cubic meters per day (mmscmd) in 2021. The next project, the Satellite Cluster, is expected to come online in 2021 followed by the project MJ in 2022. Peak gas production from the three fields is expected to be around 30 mmscmd (1 billion cubic feet / day) by 2023, which is expected to be around 25 percent of India’s national production. and it will help reduce the country’s dependence on imported gas, the companies said in the statement.
RIL is the operator of KG D6 with a 66.67% stake and BP has 33.33%. R Cluster is the first of the three projects to be launched.
The field is located about 60 kilometers from the existing KG D6 Elevation and Control Platform (CRP) off the coast of Kakinada and comprises a subsea production system connected to CRP via subsea pipeline. Located at a water depth of over 2,000 meters, it is the deepest offshore gas field in Asia.
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“Through our deepwater infrastructure in the Krishna Godavari Basin we hope to produce gas and meet the nation’s growing clean energy requirements,” said Mukesh Ambani, president and managing director of Reliance Industries Limited, in a statement.
BP CEO Bernard Looney said: “This startup is yet another example of the potential of our partnership with Reliance, offering the best of both companies to help meet India’s rapidly expanding energy needs. With India’s own production of cleaner burning gas growing to meet a significant portion of its energy demand, these three new KG D6 projects will support the country’s drive to shape and enhance its future energy mix. “
RIL with a consolidated turnover of ₹ 659,205 crore ($ 87.1 billion) and a cash profit of ₹ 71,446 crore ($ 9.4 billion), and a net profit of ₹ 39,880 crore ($ 5.3 billion ) for the year ended March 31, 2020, is the largest private sector company in India. . However, its returns from the oil and gas segment have been falling. The company has focused on the consumer-centric telecommunications and retail business, even as it operates two oil refineries.
In addition to their gas value chain partnership, BP and RIL earlier this year also completed the formation of their oil, aviation fuels and mobility retail alliance.
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