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Gas industry

Reliance Industries Seeks to Commercially Exploit Four Gas Finds in India's Krishna-Godavari Basin

Strategic Insights

— 1 min read

Reliance Industries Ltd (RIL) has informed the Directorate General of Hydrocarbons (DGH) that four smaller gas finds surrounding the D-1 and D-3 fields in the Krishna-Godavari basin can be commercially exploited. This development is expected to prolong the peak output of 80 million standard cubic meters per day (mmscmd) from the block. The four gas finds are estimated to contain 1-2 trillion cubic feet of reserves and may be tied-up with the existing Dhirubhai 1 and 3 production facilities, which are designed to handle 80 mmscmd of output.

Key Takeaways:

  • Reliance Industries has submitted "Potential Commerciality Interest" for four smaller gas finds surrounding the D-1 and D-3 fields in the Krishna-Godavari basin, indicating that they can be commercially exploited.
  • The four gas finds are estimated to contain 1-2 trillion cubic feet of reserves and may help prolong peak output of 80 mmscmd from the block.
  • RIL has submitted a revised plan to invest $1.5 billion in the four finds, spanning 0.6 trillion cubic feet recoverable reserves, which could produce 10 mmscmd for 6 years.
  • The discoveries would be tied-up with Dhirubhai 1 and 3 production facilities, which are designed to handle 80 mmscmd of output.
  • It will take 4-5 years to bring to production the four finds for which field development plan (FDP) has been submitted.
  • RIL has so far made 25 oil and gas discoveries in KG-D6, of which two - D1 and D3, have been put on production at an investment of $8.836 billion.

Statistics:

  • 67 million standard cubic meters per day (mmscmd) of gas from the D-1 and D-3 fields.
  • 1-2 trillion cubic feet of reserves estimated in the four gas finds.
  • 80 mmscmd of output that the block's peak production is expected to last.
  • $8.836 billion invested in the D1 and D3 gas fields.
  • $1.5 billion revised investment plan for the four gas finds.
  • 0.6 trillion cubic feet recoverable reserves spanned by the revised investment plan.

Sources:

  • Directorate General of Hydrocarbons (DGH)
  • Reliance Industries Ltd (RIL)
  • PTI (Press Trust of India)

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