(FE)
Reliance Industries (RIL), along with its joint venture (JV) partner BP, is planning to invest `40,000 crore over the next three-five years to develop the discovered deepwater resources in the KG-D6 block, the company has said in its FY18 annual report. RIL also said development work for the R-cluster fields has commenced while the field development plans for MJ and satellite-cluster fields have been approved by the government. The company expects the fields to come onstream in the next three to five years.
The three planned projects — R-cluster, satellite cluster and D55 (MJ) fields — are expected to bring onstream additional 30-35 million cubic metres of gas per day, in phases, over 2020-22. RIL said KG-D6 gas production declined by 27% for the year to 67.9 billion cubic feet per day (bcf) due to natural decline of field and shut-in of two D1D3 and one MA wells. The major challenges faced are associated with reservoir depletion, sand and water influx, it said.
