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RIL gas issue: Govt to meet next week

The petroleum ministry has called a meeting next week to review the reasons for the fall in production at Reliance Industries Ltd’s KG-D6 fields.

business Updated: Apr 27, 2011 21:46 IST
HT Correspondent

The petroleum ministry has called a meeting next week to review the reasons for the fall in production at Reliance Industries Ltd’s KG-D6 fields.

A meeting of the management committee has been called next week to “ascertain reasons” for RIL not meeting its drilling commitment and the drop in production, oil secretary S Sundareshan said.

RIL had in 2006 won government nod to invest $8.8 billion in Dhirubhai-1 and 3 fieldsafter promising an output of 61.9 million cubic metres a day from 22 wells by April 2011 and 80 mmscmd from 31 wells by 2012. But RIL has only produced about 42 mmscmd from 18 wells drilled so far on D1 and D3 fields. Another 8 mmscmd is produced from MA oilfield in the same block.