Develop new blocks to arrest D6 output fall, BP tells govt
UK energy major British Petroleum, which is partnering RIL in 21 oil and gas blocks in India, has informed the government that the only way to arrest the decline in production from the country’s largest gas block (KG-D6) is to focus on developing new and satellite blocks. Anupama Airy reports.business Updated: Oct 18, 2011 01:10 IST
UK energy major British Petroleum, which is partnering Mukesh Ambani-led Reliance Industries Ltd (RIL) in 21 oil and gas blocks in India, has informed the government that the only way to arrest the decline in production from the country’s largest gas block (KG-D6) is to focus on developing new and satellite blocks.
“Given the decline in the gas production from the existing D1 and D3 fields of the KG-D6 block, there are essentially no options to change the trajectory without adding new development potential,” BP said in an October 4 letter to the petroleum ministry.
“The best path forward is to enhance the focus on the Next Wave of new developments in D6 (or the R-series) and all the satellites. These new Next Wave of D6 developments have the potential to add large volumes of production capability to continue the successful launch of a new basin for furthering the India E&P energy security pursuit,” the letter said.
The letter follows a meeting of BP group chief executive Bob Dudley and executive vice-president of E&P Andy Hopwood with Prime Minister Manmohan Singh and top government officials on September 28.
BP has hinted at beginning pre-development activities in this regard in the coming winter weather window ie December 2011 to March 2012.
First Published: Oct 17, 2011 23:07 IST