<p> New Delhi: <a href="https://www.deccanherald.com/tags/reliance-industries">Reliance Industries Ltd</a> has got government approval for making additional investments in developing gas reserves in its KG-D6 block in the <a href="https://www.deccanherald.com/tags/bay-of-bengal">Bay of Bengal</a> that can add 4 to 5 million standard cubic meters per day to the production, a company official said.</p>.<p> Reliance and its partner bp Plc currently produce around 30 mmscmd or about 30 per cent of India's gas production, from the KG-D6 block.</p>.Reliance Industries shares climb nearly 1% post earnings.<p> At an investors' call announcing the fourth quarter earnings, Sanjay Roy, senior vice-president for exploration and production at Reliance Industries Ltd, said the development plan for incremental production has been approved by the government.</p>.<p> "One good aspect of this quarter gone by was that we had an incremental development plan approved by the government, which has the potential to deliver incremental production of 4 to 5 million standard cubic meters (per day) in the coming few years, which would augment the production that we have," he said.</p>.<p> He, however, did not give details of the investment approved.</p>.Reliance tries to sell US oil as Russian flows gain.<p> Reliance-bp produces some 30 mmscmd of gas from three sets of discoveries in the deep-sea KG-DWN-98/3 or KG-D6 block, the last - MJ oil and gas field - being put into production in May 2023. All three sets of discoveries, with MJ being the deepest, were made more than a decade back and have been progressively put into production.</p>.<p> Prior to that, they had brought the R-Cluster field to production in December 2020 and the Satellite Cluster in April 2021.</p>.<p> KG-D6 has helped domestic production of natural gas, which is used to generate electricity, make fertilizer or turned into CNG for running automobiles or piped to kitchens for cooking, touching a multi-year high of 99 mmscmd.</p>.<p> Total gas demand in the country is around 188 mmscmd, with the difference being met through imports.</p>.<p> "When we look at the (domestic) production, we can see clearly there's been a sharp increase in production since FY21. And although the overall domestic production, besides KG-D6, has been flat, KG-D6 production is almost 90 per cent of the incremental domestic gas production," Roy said.</p>.Murdoch partner helps Ambani build a media empire.<p> Reliance is the operator of the KG-D6 block with a 66.67 per cent stake and bp holds the remaining 33.33 per cent.</p>.<p> Reliance has so far made 19 gas discoveries in the KG-D6 block. Of these, D-1 and D-3 -- the largest among the lot -- were brought into production in April 2009, and MA, the only oilfield in the block, was put into production in September 2008.</p>.<p> While the MA field stopped producing in September 2018, output from D-1 and D-3 ceased in February 2020.</p>.<p> Since then, Reliance-bp invested $5 billion in bringing to production three deepwater gas projects in block KG-D6 -- R-Cluster, Satellites Cluster, and MJ.</p>.<p> The MJ field is located about 2,000 metres directly below the Dhirubhai-1 and 3 (D1 and D3) fields. It is a high-pressure and high-temperature (HPHT), gas and condensate field. Besides gas, it is to produce 25,000 barrels of condensate per day at peak. </p>
<p> New Delhi: <a href="https://www.deccanherald.com/tags/reliance-industries">Reliance Industries Ltd</a> has got government approval for making additional investments in developing gas reserves in its KG-D6 block in the <a href="https://www.deccanherald.com/tags/bay-of-bengal">Bay of Bengal</a> that can add 4 to 5 million standard cubic meters per day to the production, a company official said.</p>.<p> Reliance and its partner bp Plc currently produce around 30 mmscmd or about 30 per cent of India's gas production, from the KG-D6 block.</p>.Reliance Industries shares climb nearly 1% post earnings.<p> At an investors' call announcing the fourth quarter earnings, Sanjay Roy, senior vice-president for exploration and production at Reliance Industries Ltd, said the development plan for incremental production has been approved by the government.</p>.<p> "One good aspect of this quarter gone by was that we had an incremental development plan approved by the government, which has the potential to deliver incremental production of 4 to 5 million standard cubic meters (per day) in the coming few years, which would augment the production that we have," he said.</p>.<p> He, however, did not give details of the investment approved.</p>.Reliance tries to sell US oil as Russian flows gain.<p> Reliance-bp produces some 30 mmscmd of gas from three sets of discoveries in the deep-sea KG-DWN-98/3 or KG-D6 block, the last - MJ oil and gas field - being put into production in May 2023. All three sets of discoveries, with MJ being the deepest, were made more than a decade back and have been progressively put into production.</p>.<p> Prior to that, they had brought the R-Cluster field to production in December 2020 and the Satellite Cluster in April 2021.</p>.<p> KG-D6 has helped domestic production of natural gas, which is used to generate electricity, make fertilizer or turned into CNG for running automobiles or piped to kitchens for cooking, touching a multi-year high of 99 mmscmd.</p>.<p> Total gas demand in the country is around 188 mmscmd, with the difference being met through imports.</p>.<p> "When we look at the (domestic) production, we can see clearly there's been a sharp increase in production since FY21. And although the overall domestic production, besides KG-D6, has been flat, KG-D6 production is almost 90 per cent of the incremental domestic gas production," Roy said.</p>.Murdoch partner helps Ambani build a media empire.<p> Reliance is the operator of the KG-D6 block with a 66.67 per cent stake and bp holds the remaining 33.33 per cent.</p>.<p> Reliance has so far made 19 gas discoveries in the KG-D6 block. Of these, D-1 and D-3 -- the largest among the lot -- were brought into production in April 2009, and MA, the only oilfield in the block, was put into production in September 2008.</p>.<p> While the MA field stopped producing in September 2018, output from D-1 and D-3 ceased in February 2020.</p>.<p> Since then, Reliance-bp invested $5 billion in bringing to production three deepwater gas projects in block KG-D6 -- R-Cluster, Satellites Cluster, and MJ.</p>.<p> The MJ field is located about 2,000 metres directly below the Dhirubhai-1 and 3 (D1 and D3) fields. It is a high-pressure and high-temperature (HPHT), gas and condensate field. Besides gas, it is to produce 25,000 barrels of condensate per day at peak. </p>