RIL says PFY, PSF & PET production volumes rise to 19% in Q1
27 Jul '05
11 min read
In the Oman offshore block where RIL is the Operator, the existing seismic data has been collected and contract for reprocessing of data is being finalized. The formalities for setting up of RIL's office in Oman are in progress.
During the quarter, Reliance acquired more than 6300 Square Km of 3D seismic data. Processing and interpretation of acquired data have been taken up on an accelerated manner.
Building on the giant Dhirubhai gas discovery, Reliance continued with the exploratory drilling campaign in the discovery block KG-DWN-98/3 in the Krishna Godavari Basin. Two more wells were drilled in the block during the quarter, which not only reduced the reservoir risk but also confirmed upside potential of the block. Detailed evaluation of the results is in progress.
With a view to accelerate the pace of exploration in deepwater and to increase the reserve accretion, two ultra deep water rigs are planned for deployment in the east coast from June 2006 involving an investment of $1.5bn.
With the approval of development plan for producing 40 MMSCMD of gas initially from Dhirubhai 1 & 3 of KGD6 Block, the site preparation works is in progress and contracting strategy for development activities is being framed.
The exploration in the CBM block of RIL is also progressing as per plan.
Reliance has deployed state-of-the-art technology, and is working with leading international technology and service providers for theE&P project, covering all activities, such as seismic studies, processing and interpretation of data and drilling.
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