Reliance Industries Ltd. (RIL) and BP said April 26 production has begun from the Satellite Cluster gas field in block KG D6 offshore east India two months ahead of schedule.
The field will produce gas from four reservoirs using a total of five wells, BP said in a news release. Production is expected to reach up to 6 million standard cubic meters per day (MMscm/d). It is located about 60 km from the existing onshore terminal at Kakinada on India’s east coast in water depths of up to 1,850 m.
The startup marks the second of three developments to come online in the block. It follows the R Cluster, which went onstream in December 2020, BP said in a news release. Plans are for MJ, the third development, to come onstream in second-half 2022. Together, the fields are expected to produce about 30 MMscm/d of natural gas by 2023. BP said that is enough to meet up to 15% of India’s gas demand.
With a 66.67% participating interest, RIL is the operator of the block. BP holds a 33.33% participating interest.
Recommended Reading
Private Equity: Seeking ‘Scottie Pippen’ Plays, If Not Another Michael Jordan
2024-01-25 - The Permian’s Tier 1 acreage opportunities for startup E&Ps are dwindling. Investors are beginning to look elsewhere.
Some Payne, But Mostly Gain for H&P in Q4 2023
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
In Shooting for the Stars, Kosmos’ Production Soars
2024-02-28 - Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Uinta Basin: 50% More Oil for Twice the Proppant
2024-03-06 - The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.