Public CompanyRIL to drill six new wells in KG-D6 block this year
Reliance Industries, which has proposed to invest $1.5 billion more in developing satellite gas finds in the prolific KG-D6 block, will drill six wells this year.
"Six additional exploration/appraisal wells will be drilled this year," said Niko Resources, the junior partner in RIL-operated KG-D6 block.
RIL on December 29 submitted a field development plan (FDP) to the Directorate General of Hydrocarbons (DGH) for the four discoveries that it estimates hold 0.6 trillion cubic feet of recoverable reserves, sources said, adding 10 mmscmd of production is envisaged from these fields for six years.
Originally, the nine satellite finds were estimated to hold 2.2 Tcf of in-place gas reserves.
Niko said at least one additional exploration well is planned in the Mahanadi basin block NEC-25, off the Orissa coast. RIL has made six gas discoveries in this block.