Installation of hydrocarbon production facilities are on track
Mumbai-headquartered Reliance Industries Ltd (RIL) said gas production from MJ field in the deepwater KG-D6 block, off Kakinada coast, is expected in the first quarter of FY2023. It will deploy a floating production system for exploiting resources from the deepest field in KG-D6 block in the Bay of Bengal.
“Drilling and completions of wells are underway and first gas is expected by 3Q FY23,” said RIL in a presentation on first quarter earnings on 23 July 2021.
The first offshore installation has been completed and work would commence on the second production system in November this year.
The MJ-1 gas field, the third and last discovery in the block, is located about 2,000 metres directly below the Dhirubhai-1 and -3 (D1 and D3) fields – the first and the largest deposits in KG-D6 block.
MJ-1 has an estimated 0.988 trillion cubic feet (tcf) of hydrocarbon resources.
A floating production, storage and offloading vessel (FPSO) and a subsea production systems are on track for producing oil, it said.
RIL-BP are developing three deep-water gas reserves in block KG-D6’s R Cluster, Satellite Cluster and MJ which together are expected to produce around 30 million standard cubic meters per day of natural gas by 2023, meeting up to 15% of India’s gas demand.
R-Cluster started production in December 2020 and the Satellite Cluster came onstream in April. While R-Cluster is expected to reach plateau gas production of about 12.9 mmscmd in 2021, Satellite Cluster will have a peak output of 6 mmscmd. The MJ field will have a peak output of 12 mmscmd.
RIL said average production in April-June this year was 16.6 mmscmd from KG-D6.
The firm had in three rounds of bidding sold 18 mmscmd of gas from the fields.
RIL has so far made 19 gas discoveries in the KG-D6 block. Of these, D-1 and D-3 the largest among the lot were brought into production from April 2009 and MA, the only oilfield in the block, was put to production in September 2008. While the MA field stopped producing in 2019, the output from D-1 and D-3 ceased in February 2020. Other discoveries have been non-commercial and handed back to the government.
RIL owns and operates the block but took in BP, at a later stage of hydrocarbon developments, as a 33.33% partner. #investment #manufacturing #production #project /fiinews.com