Breaking News

You are here » Indian-Commodity  :  Corporate  :  Reliance Industries closes eighth well in KG-D6 block

23-Jan2013

Reliance Industries closes eighth well in KG-D6 block

Mukesh Ambani owned Reliance Industries has closed its eighth well on the main gas fields in KG-D6 block, which declined its output plummeting to all time low of 20.88 mmscmd. It had shut the well B6 on the main producing fields of Dhiburbhai-1 and 3 (D1&D3) in Krishna Godavari basin KG-D6 block because of water loading.

Recently, the company had shut B4, the seventh well on D1&D3 field. This latest shutting led to the output slipping from D1&D3 to 16.98 million standard cubic meters a day during the week ended January 13. Together with 4.37 mmsmcd from MA oilfield in the same block, the output totaled 21.35 mmscmd in the week.

Till date, RIL has drilled 22 wells on D1&D3 fields but has put only 18 on production so far. D1&D3, which started gas production in April 2009, had touched a peak of 55 mmscmd in August 2010 before beginning of water and sand ingress in wells.


Related News

View all news

IHS closes tower sale and lease back agreement with Bharti Airtel's arm

IHS Holding, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, has completed the sale and lease back of 949 towers in Zambia from Airtel Zambia, a subsidiary......

Eicher Motors' JV reports 20.21% rise in August sales

Eicher Motors and Volvo Group's joint venture firm, VE Commercial Vehicles (VECV) has reported 20.21% jump in total sales at 3,711 units in August as against 3,087 units sold in the year-ago period. Eicher......

Fitch downgrades PNB's viability rating by a notch to 'BB'

Credit ratings agency Fitch has downgraded viability rating of Punjab National Bank (PNB) by a notch to 'BB' to reflect the growing risk to the bank's capital position from its mounting stock of stressed......

Top News

View all news

HDFC Bank, ITC, Infosys and Syngene International to see some action

HDFC Bank, India's second largest private bank, cut its base rate by 35 basis points to 9.35%, from the existing 9.70 percent, thereby making loans from the bank cheaper. Earlier in June, the bank had......

RBI governor finally buzzes to the demand, hints at rate cut

Reserve Bank of India (RBI) Governor Raghuram Rajan finally hinting for a rate cut has said that inflation has come down to the comfort zone quicker than expected and he is keeping a watch on......

RIL, ONGC and Lupin to see some action

Reliance Industries (RIL), owner of the world's biggest refining complex, imported nearly 25 percent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance......