亚博体育官网首页

Reliance Industries to start gas production from MJ field in Q4 FY22
OIL & GAS

Reliance Industries to start gas production from MJ field in Q4 FY22

Reliance Industries (RIL) will start its natural gas production from the MJ field, the third and last set of discoveries the company is developing in the eastern offshore of the KG-D6 block in October-December 2022, to increase its overall output by two-third.

Reliance and its partner UK-based firm, British Petroleum (BP) plans to use a floating production system in the Bay of Bengal to bring the deepest gas production discovery in the KG-D6 block.

The MJ-1 field is located 2,000 metres below the Dhirubhai-1 and Dhirubhai-3 fields (D1 and D3, respectively). It is the first and the largest gas field in the KG-D6 block and can hold about 0.988 trillion cubic feet (tcf) of contingent resources.

The gas field even has oil deposits, which will be produced using the floating system called Floating Production Storage and Offloading (FPSO). The company said that the FPSO and the subsea systems are well on track.

RIL and BP are developing three deep-water gas developments in KG-D6 - R Cluster, Satellite Cluster, and MJ, which would produce nearly 30 million standard cubic metres every day of natural gas by 2023, meeting 15% of the gas demand of India.

The R Cluster production was started in December 2020, and Satellite Cluster in April. R Cluster can reach plateau gas production of about 12.9 million metric standard cubic meters per day (mmscmd), while Satellite Cluster only six mmscmd. The MJ gas field will have a peak output of 12 mmscmd. RIL's average production from April to June in 2021 was 16.6 mmscmd from the KG-D6 block.

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

The company told the media that it got $3.62 per million British terminal unit (mmBtu) for the production of gas in the KG-D6 in the April-June quarter. It was lower than $3.99 per mmBtu from the previous year.


Also read: TN reveals Rs 1,700 cr infra investment plan for city gas distribution

Reliance Industries (RIL) will start its natural gas production from the MJ field, the third and last set of discoveries the company is developing in the eastern offshore of the KG-D6 block in October-December 2022, to increase its overall output by two-third. Reliance and its partner UK-based firm, British Petroleum (BP) plans to use a floating production system in the Bay of Bengal to bring the deepest gas production discovery in the KG-D6 block. The MJ-1 field is located 2,000 metres below the Dhirubhai-1 and Dhirubhai-3 fields (D1 and D3, respectively). It is the first and the largest gas field in the KG-D6 block and can hold about 0.988 trillion cubic feet (tcf) of contingent resources. The gas field even has oil deposits, which will be produced using the floating system called Floating Production Storage and Offloading (FPSO). The company said that the FPSO and the subsea systems are well on track. RIL and BP are developing three deep-water gas developments in KG-D6 - R Cluster, Satellite Cluster, and MJ, which would produce nearly 30 million standard cubic metres every day of natural gas by 2023, meeting 15% of the gas demand of India. The R Cluster production was started in December 2020, and Satellite Cluster in April. R Cluster can reach plateau gas production of about 12.9 million metric standard cubic meters per day (mmscmd), while Satellite Cluster only six mmscmd. The MJ gas field will have a peak output of 12 mmscmd. RIL's average production from April to June in 2021 was 16.6 mmscmd from the KG-D6 block. RIL is operating the KG-D6 block with 66.67% participating interest, and BP holds a share of 33.33%. The company told the media that it got $3.62 per million British terminal unit (mmBtu) for the production of gas in the KG-D6 in the April-June quarter. It was lower than $3.99 per mmBtu from the previous year. Image Source Also read: TN reveals Rs 1,700 cr infra investment plan for city gas distribution

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement