RIL revises development plan for KG-D6
A Business Correspondent
Reliance Industries Ltd has filed an amendment, to the
initial development plan for the Deepwater Block KG-DWN-98/3 (KG-D6), with the
Director General of Hydrocarbon for approval.
Based on the initial reserve estimates of the block, Reliance had prepared an
Initial Development Plan for developing two discoveries, Dhirubhai 1 and
Dhirubhai 3, in the block. The Initial Development Plan envisaged a production
plateau of 40 mmscmd.
However, in view of the significantly higher hydrocarbon potential, the company
has sought approval to increase in production rate from 40 mmscmd to 80 mmscmd
and enhance facilities for production, collection, evacuation and handling of
gas, both onshore and offshore. The revised estimate of capital expenditure for
the enhanced production profile is around $5.2 billion
[06 November 2006]