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BP and Reliance sanction second phase of integrated KG D6 development

BP and Reliance Industries Limited (RIL) have sanctioned the ‘Satellite cluster’ project in Block KG D6.

BP and Reliance sanction second phase of integrated KG D6 development

BP and Reliance Industries Limited (RIL) have sanctioned the ‘Satellite cluster’ project in Block KG D6.

BP reported this on April 19, 2018.

 

The ‘Satellite cluster’ is the second of three projects in the Block KG D6 integrated development.

The first of the projects, development of the ‘R-Series’ deep-water gas fields, was sanctioned in June 2017.

Together the three projects will develop a total of about 3 trillion cubic feet of discovered gas resources with a total investment of 6 billion dollars.

They are expected to bring a total 30-35 million cubic metres (1 billion cubic feet) of gas a day new domestic gas production onstream, phased over 2020-2022.

 

The Satellites cluster is a dry gas development and comprises four discoveries with five well subsea development in ~1700 metres water depth, up to ~15 kilometres east and southeast of the producing D1D3 fields in KG D6.

The first of the KG D6 projects to be sanctioned, the R-series project, is already in execution phase with all major contracts awarded.

The Satellites cluster project will draw on execution synergies with the R-series project being developed concurrently.

 

India today consumes over 5 billion cubic feet a day of natural gas and aspires to double gas consumption by 2022.

Gas production from the integrated development is expected to help reduce India’s import dependence and amount to over 10% of the country’s projected gas demand in 2022; benefiting India and domestic consumers at large. 

 

To read this news in Russian.

Source : Neftegaz.RU