HomeNewsBusinessCompaniesRIL-BP avert shutdown of KG-D6 field

RIL-BP avert shutdown of KG-D6 field

With Oil Minister M Veerappa Moily approving of the remedial measures that were pending for nearly 18 months, RIL-BP last week added the first production well on the block in more than four years to ramp up output by over 15% to 13.7 million standard cubic metres per day.

January 13, 2014 / 09:43 IST
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Reliance Industries and its partner BP plc of UK have averted a possible shutdown of the KG-D6 gas fields after they got long-delayed approvals to take remedial action to stop water ingress from choking wells.

With Oil Minister M Veerappa Moily approving of the remedial measures that were pending for nearly 18 months, RIL-BP last week added the first production well on the block in more than four years to ramp up output by over 15% to 13.7 million standard cubic metres per day.

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Also Read: RIL, BP to give $1.2 bn bank guarantee for higher gas price

This well, which will add up to two mmmscmd to the output, as well as water pluggings adding smaller volumes, could have come a year back and averted complete stoppage of gas supplies to power plants.