Quotes with Resistance & Support
Market Information

RIL gas output falls to all-time low; shuts 9th well in KG-D6

This article was posted on Apr 11, 2013 and is filed under Press Releases

Reliance Industries has shut its ninth well on the main gas fields in the eastern offshore KG-D6 block, leading to output plummeting to all-time low of 15.5 million standard cubic metres per day.

RIL on April 2 shut the well A1 on the main producing fields of Dhirubhai-1 and 3 (D1&D3) in Krishna Godavari basin block KG-DWN-98/3 or KG-D6 for “reservoir build-up study,” according to a status report of the Directorate General of Hydrocarbons (DGH).

The company has been forced to shut the previous eight wells due to high volumes of water and sand seeping in, which affected production. It had previously shut well B6, the eighth well to be closed on D1&D3, on January 9 and B4, the seventh well, on November 29 last year.

The latest shutting led to the output slipping from D1&D3 to 11.70 mmscmd in the week April 7, the report said. Together with 4.09 mmsmcd from MA oilfield in the same block, the output totalled 15.79 mmscmd in the week.

However, the production has since plummeted further to 15.50 mmscmd this week, the lowest level since D1&D3 started production in April 2009.

RIL has so far drilled 22 wells on D1&D3 fields but has put only 18 on production so far. Half of these wells are now shut.

source: Business-Standard

Similar Posts:

Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
Status: Awaiting reply

Market Stats

Search Our Archives

Latest Investment Idea

Recent Comments