Reliance Industries Limited (RIL) plans to shut oil and gas production at its main fields in KG-D6 block in the coming months. And begin complying with the government’s guidelines for decommissioning facilities in the Bay of Bengal block where output has hit its lowest ever.
RIL had till date made 19 oil and gas discoveries in the Krishna Godavari basin. Of these, MA—the only oil discovery in the block—began production in September 2008. Dhirubhai-1 and 3 (D1 and D3) fields went onstream in April 2009.
While the company did not provide any timelines for decommissioning and stopping of production at the fields that have witnessed output drop to a fourth of peak, sources privy to the development said MA field may be shut as early as October after the current lease of a floating production storage and offloading (FPSO) unit, which processes output from the field, expires.
E-mails sent to RIL and its partner BP Plc of UK, which holds 30 percent stake, for comments remained unanswered. The government’s site restoration guidelines provide for a one-year notice for decommissioning of facilities.
Reliance Industries Limited (RIL) plans to shut oil and gas production at its main fields in KG-D6 block in the coming months. And begin complying with the government’s guidelines for decommissioning facilities in the Bay of Bengal block where output has hit its lowest ever.
RIL had till date made 19 oil and gas discoveries in the Krishna Godavari basin. Of these, MA—the only oil discovery in the block—began production in September 2008. Dhirubhai-1 and 3 (D1 and D3) fields went onstream in April 2009.
While the company did not provide any timelines for decommissioning and stopping of production at the fields that have witnessed output drop to a fourth of peak, sources privy to the development said MA field may be shut as early as October after the current lease of a floating production storage and offloading (FPSO) unit, which processes output from the field, expires.
E-mails sent to RIL and its partner BP Plc of UK, which holds 30 percent stake, for comments remained unanswered. The government’s site restoration guidelines provide for a one-year notice for decommissioning of facilities.
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