DGH Okays Reliance's Amended Plan for Deepwater Krishna Godavari Block
Reliance Industries Ltd said that the Directorate General of Hydrocarbons (DGH) approved addendum to the initial development plan for the Deepwater Block KG - DWN - 98/3 (referred to as KG - D6).
As per the approved addendum the capital expenditure for initial phase of development to produce 80 mmscmd of gas is $5.2 billion.
The development plan envisages commencement of delivery of first gas by second half of 2008-09.
The Deepwater block KG - D6 in Krishna Godavari Basin off the East coast of India in Bay of Bengal was awarded to the Company and NIKO Resources Ltd, Calgary, Canada (NIKO) under NELP — 1 bidding round. The Company, as operator of the block holds 90% of the participating interest and NIKO the remaining 10%.
The block covers an area of 7645 sq kms and its north-western boundary is about 40-60 kms southcast of Kakinada in Andhra Pradesh. Water depth in the block ranges up to 2700 m.
Reliance said that it made the world's largest gas discovery in 2002 in this block.
Operates 1 Offshore Rigs
- KrisEnergy Spuds Bangora-6 Development Well in Bangladesh's Block 9 (Sep 05)
- ICSID Orders Petrobangla to Pay Niko $35M It Owed for Gas Deliveries (May 31)
- Reliance Said To Revive Offshore India Gas Project By End-2017 (May 27)
Company: Reliance Industries more info
- OPEC's Output Curbs Squeeze World's Biggest Oil Refining Complex (Oct 16)
- India's Reliance Industries 2Q Profit Up 7%, Lags Estimates (Oct 13)
- India's Reliance Sells US Shale Asset for $126 Mln (Oct 06)
Company: Directorate General of Hydrocarbons (India) more info
- India Plans Larger Oil Auctions as Modi Pursues Import Cuts (Sep 14)
- Oil's Emerging Giant Beckons US Wildcatters Who Riled OPEC (Jun 02)
- India Launches Auction for 67 Small Oil, Gas Fields Under a New Bid Scheme (May 26)