MJ expected onstream in latter half of 2022
Reliance Industries Limited (RIL) and bp have started natural gas production from the Satellite Cluster deepwater field in block KG D6 off the east coast of India, targeting daily output of one billion cubic feet by 2023 to meet as much as 15% of the country’s gas demand.
RIL and bp have been developing three deep-water gas developments in block KG D6 – R Cluster, Satellite Clusted MJ. The field production system will use the existing hub infrastructure in the KG D6 block, RIL, the operator of the block with a 66.67% participating interest, said in a release on 26 April 2021. The remainder 33.33% participating interest is held by bp.
The Satellite Cluster is the second of the three developments to come onstream, following the start-up of R Cluster in December 2020. It had originally been scheduled to start production in mid-2021.
The field is located about 60 km from the existing onshore terminal at Kakinada on the east coast of India in water depths of up to 1,850 meters.
The field will produce gas from four reservoirs through five wells.
Together, the R Cluster and Satellite Cluster are expected to contribute to about 20% of India’s current gas production.
The third KG D6 development, MJ, is expected to come onstream in the latter half of 2022.
RIL is India’s largest private sector company, with a consolidated turnover of Rs.659,205 crore (US$87.1 billion), cash profit of Rs.71,446 crore (US$9.4 billion), and net profit of Rs.39,880 crore (US$5.3 billion) for the year ended 31 March 2020.
With a century-long business presence in India, bp is one of the largest international energy companies in the country. In addition to their gas value chain partnership, in 2020 bp and RIL also completed the formation of their major retail, aviation fuels and mobility alliance. bp’s activities in India also include Castrol lubricants, oil and gas trading, clean energy projects through Lightsource bp, IT back office activities, a new global business services center, staffing and training for the global bp marine fleet, and the recruitment of skilled Indian employees for bp’s global businesses. #projects #investment #energy #OPEC /fiinews.com
