Reliance and BP starts gas production from Asia's deepest project.


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Uploaded on Dec 23, 2020

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PPT on Reliance and BP starts gas production from Asia's deepest project.

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Reliance and BP starts gas production from Asia's deepest project.

RELIANCE AND BP STARTS GAS PRODUCTION FROM ASIA'S DEEPEST PROJECT INTRODUCTION  The R-Cluster, a high water gas field in the KG D6 block off the East Coast of India, began manufacturing from Reliance Industries Ltd. (RIL) and BP Plc on Friday. Source: livemint.com DEVELOPMENT IN ASIA  The field was originally supposed to begin development in June, and was deemed the deepest offshore gas field in Asia with a water depth of more than 2000 metres, but the COVID-19 pandemic postponed such schemes. Source: bloombergquint.com COMBINED INVESTMENT  In June 2017 RIL and it’s partner, London-based BP, reported a combined investment of €40,000 in three gas discovery sets to reverse the output of the KG D6 block flagging. There are R-Clusters, MJ fields and Satellite Clusters. Source: indiapressrelease.com R-CLUSTER  The first to come on line is the R-Cluster. RIL said that the combined clusters are estimated to meet 15% of India's demand for gas by 2023. Source: oilnow.com GREENER GAS ECONOMY  This is a significant breakthrough for a safer and greener gas economy in India's energy environment. Source: indiapressrelease.com MANUFACTURE GAS  RIL plan to manufacture gas and fulfil the growing cleaner energy needs of the region, thanks to our deep-water infrastructure in the Krishna Godavari Basin. Source: financialexpress.com STAKEHOLDER  In the KG block D6, RIL is the operator having 66.67% stake, and ventures will use the current hub facilities. BP has the remainder. Source: biznextindia.com EXPECTED OUTCOME  The output of normal 12.9 million cubic metre per day is expected to hit the R-Cluster by 2021.  This start-up is another example of how our partnership with Reliance can best help India meet its rapidly expanding energy requirements. Source: livemint.com FUTURE ENERGY BALANCE  The three new Kg D6 ventures would help the country's push to shape and develop its future energy balance if India's own manufacturing of cleaner burning gas achieves a large portion of its energy demand. Source: livemint.com FUTURE PROJECT  The next project is expected to come to light in 2021, followed by the MJ in 2022 and is expected to generate peak gas from all three fields by 2023 at a pace of about 30 mmscmd, or around 25% of the domestic gas outputs of India, which helps minimise the country's reliance on imported gas. Source: etenergyworld.com