DGH Okays Reliance's Amended Plan for Deepwater Krishna Godavari Block

Krishna-Godavari Basin
(Click to Enlarge)
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.

Related Companies
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Odessa: Engineer - Frac/Acid
Expertise: Petroleum Engineering
Location: Odessa, TX
United States Houston: Senior Drilling Fluids Engineer
Expertise: Drilling Engineering
Location: Houston, TX
Region Leader - Field Development
Expertise: Field Development|Process Engineer|Subsea Engineering
Location: Houston
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours