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    Reliance's 4Q CBM Output up 15%

Summary

Reliance operates two CBM blocks in the state of Madhya Pradesh.

by: Shardul Sharma

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Reliance's 4Q CBM Output up 15%

Indian Reliance Industries’ coalbed methane (CBM) production during the three months to March 31 (4Q 2019) increased 15% year-on-year, it said April 18.

Output was 3.09bn ft3 compared with 2.68bn ft3 in the same quarter of previous year. Average production during the quarter was at 0.97mn m3/day. Reliance operates two CBM blocks in the state of Madhya Pradesh.

KG-D6 field, offshore India's east coast, produced 5.77bn ft3 of natural gas in 4Q 2019, down 58% year-on-year, Reliance said.

Commenting on the R-Cluster development project, the company said drilling and lower completion has been completed for four out of six wells. First campaign of installation facilities continued during the quarter and expected to complete in 1Q 2020, it said.

For Satellite Cluster all major orders have been committed while engineering is in progress for manufacturing and fabrication of subsea production system components, Reliance said.

In April last year, RIL and BP sanctioned the development of the Satellite Cluster project in KG D6 block offshore India’s east coast. The Satellite Cluster is the second of three projects in the integrated development of the KG D6 block. In 2017, BP and Reliance announced the decision to invest an additional $6bn in the KG-D6 block.

Reliance is developing deepwater gas and oil fields in the KG-D6 block (more commonly called KG-D6) in the Krishna Godavari basin offshore on the east coast of India. The north-western boundary of the block is 40 to 60 km southeast of Kakinada in water depth of between 1,312 feet (400 meters) and 7,545 feet (2,300 meters). R-Cluster and Satellite-Cluster discoveries are in the KG-D6 block.  Reliance is planning to develop these discoveries in phases.