BP says R-Series gas field in D6 block to start output in 2020

Image
Press Trust of India New Delhi
Last Updated : Mar 29 2018 | 6:40 PM IST

Reliance Industries and BP Plc will start natural gas production from R-Series gas field in the flagging KG-D6 block in the Bay of Bengal by 2020, the UK firm said today.

Gas production from other newer fields will start by 2021, the UK firm said in its 2017 annual report released today.

While RIL-BP are implementing project to bring to production R-Series of gas field in the KG-D6 block, a government oversight panel headed by upstream regulator DGH had last month approved their USD 4 billion investment plan in two other sets of gas discoveries.

BP in its annual report stated that R-Series project in KG-D6 block is "currently under construction" and is "expected start up (is between) 2018-2021."
In June last year, the partners had announced that they had taken an investment decision to progress development of the R-Series deepwater gas fields in Block KG D6 off the east coast of India, BP said. "The R-Series fields will be developed as a subsea tieback to existing infrastructure in the block. The project is expected to come onstream in 2020 and is the first of three planned projects in Block KG D6 to be developed in an integrated manner."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 29 2018 | 6:40 PM IST

Next Story