Thursday, December 9, 2021

Reliance-BP find gas in Asia’s deepest offshore field: Big boost to India’s energy

Reliance Industries Ltd. (RIL) and its partner BP Plc of the United Kingdom have announced the commencement of natural gas production from Asia’s deepest deep-sea project.

The production from ultra-deepwater R-Cluster, the first of the three deep-sea projects Reliance-BP are developing in the eastern offshore KG D6 (Krishna-Godavri Dhirubhai) block, started production, the two firms said in a statement. Reliance and BP are developing three deepwater gas projects in block KG D6 — R Cluster, Satellites Cluster, and MJ — which together are expected to meet about 15% of India’s gas demand by 2023

 RIL is the operator of the KG-D6 block with a 66.67% participating interest and BP holds a 33.33% participating interest.

The official statement was released by RIL that mentioned, “Located at a water depth of greater than 2000 meters, it is the deepest offshore gas field in Asia. The field is expected to reach plateau gas production of about 12.9 million standard cubic meters per day (mmscmd) in 2021,”

We are proud of our partnership with bp that combines our expertise in commissioning gas projects expeditiously, under some of the most challenging geographical and weather conditions. This is a significant milestone in India’s energy landscape, for a cleaner and greener gas-based economy. Through our deep-water infrastructure in the Krishna Godavari basin we expect to produce gas and meet the growing clean energy requirements of the nation,” said Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited.

Peak gas production from the three fields is expected to be around 30 mmscmd (1 bcf/d) by 2023 which is expected to be about 25% of India’s domestic production and will help reduce the country’s dependence on imported gas.

RIL is the operator of the KG D6 basin with 66.67 percent participating interest, while BP Plc holds a 33.33 percent share.

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