Reliance told to hasten Krishna-Godavari gas
Production by Aug 2007, instead of 2008: Govt
| Speaking to reporters today, VK Sibal, director-general, hydrocarbons, said a team from his directorate visited the Reliance site and the company was told to start production from August 2007. |
| Reliance has submitted that its fourth discovery in Krishna-Godavari basin off Andhra Pradesh coast be declared commercial. |
| It had earlier declared three gas finds in the basin and had now submitted to the government that the Dhirubhai-6 field be declared commercial, said Sibal. |
| The company estimates 46 billion cubic metres or 1.2 trillion cubic feet of gas reserves in the Dhirubhai-6 field. The company also plans to produce 40 million standard cubic metres per day of gas from the Dhirubhai-1 and 3 fields. |
| Reliance had expressed its inability to supply natural gas to National Thermal Power Corporation's Kawas and Gandhar power stations from March 2007. |
| The company had emerged as the lowest bidder for supply of gas to the power stations in Gujarat and had committed to supply about 3 million tonne natural gas annually from its gas fields. |
| The gas would be used for generating 2,600 MW from the expanded Kawas and Gandhar projects in Gujarat. |
| Reliance would invest $2.47 billion in developing Dhirubhai-1 and 3 fields. Reliance's Dhirubhai 2 discovery has been declared commercial. |
| The development plan for two deep-water discoveries of Reliance Dhirubhai 1 and Dhirubhai 3 has already been approved and production is expected to begin in mid-2008. |
| Reliance holds two deep-water blocks in the Krishna-Godavari basin off the Andhra Pradesh coast of which Block KG-DWN 98/3 has reported discoveries. |
| According to the development plans, the company has drilled 15 wells of which only one was dry. |
| The company has carried out exploratory drilling in eight blocks where it dug 27 wells. Of this seven were dry. Its success rate in the blocks was 74 per cent. |