RIL confident of increasing output from KG-D6 block, will cautiously analyse data

Posted By: Religare
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RIL confident of increasing output from KG-D6 block
Indian private oil and gas major, Reliance Industries Ltd (RIL) has expressed confidence in boosting the gas output from its controversial D-6 block to achieve Government"s set target of 80 million standard cubic meters per day.

At the same time, before ramping up the output, RIL has decided to analyse data for a few quarters with the help of BP, as any hasty move could damage the Indian gas reservoir.

RIL's Chairman, Mukesh Ambani said. "We understand that the government framework is different. They (DGH) have to do their due diligence. We always co-operate and respect their point of view, and see that they understand our point of view also."

After reviewing the issues related to decline in output at D-block at the K-G basin, the Indian Oil Ministry has directed Reliance Industries to drill 11 new wells in FY12 to achieve higher productivity from the wells.

Read more about: ril, bse, nse, oil and gas
Story first published: Thursday, May 5, 2011, 12:31 [IST]
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