For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    RIL spuds new exploration well in KG-D6 block

    By Religare
    |

    In line with its efforts to supplement declining output, Mukesh Ambani-led Reliance Industries Ltd (RIL) has spudded its first exploration well in more than 5-year period on the KG-D6 block.

    RIL's minority partner in the Krishna Godavari basin, Niko Resources said that the MJ-1 exploration well on the Dhirubhai-1 and 3 gas fields in the KG-D6 block "was spud in early March and is drilling ahead".

    The new well is targeting a Mesozoic synrift clastic reservoir, which is similar to the producing MA oil and gas field in the same block.

     

    Output from Dhirubhai-1 and 3 fields have seen a sharp decline from 53-54 million cubic metre per day achieved in March, 2010 to about 12 mscmd this month. Together with less than 6 mscmd output from MA oilfield in the same block, KG-D6 is currently producing approximately 17 mscmd, sources said.

    Read more about: reliance industries
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more