BP AND RELIANCE SANCTION SATELLITE CLUSTER DEEPWATER GAS FIELD

BP and Reliance Industries Limited (RIL) today announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6. The companies are moving forward to develop the Block’s discovered deep-water gas fields in an integrated series of projects, bringing new gas production for India. The ‘Satellite cluster’ is the second of three projects in the Block KG D6 integrated development. The first of the projects, development of the ‘R-Series’ deep-water gas fields, was sanctioned in June 2017. Together the three projects will develop a total of about 3 trillion cubic feet of discovered gas resources with a total investment of c. INR 40,000 crore (US$6 billion). They are expected to bring a total c. 30-35 million cubic metres (1 billion cubic feet) of gas a day new domestic gas production onstream, phased over 2020-2022. Mukesh Ambani, Chairman and Managing Director of RIL, said: “In consonance with our announcements last year to raise domestic gas production, we are delighted to announce the on-schedule progress of the Satellite cluster in the east coast of India. This development supports the country’s imminent need of increasing domestic gas supply and is a firm step towards making India a gas-based economy.” The Satellites cluster is a dry gas development and comprises four discoveries with five well subsea development in 1700 metres water depth, up to 15 kilometres east and southeast of the producing D1D3 fields in KG D6. The first of the KG D6 projects to be sanctioned, the R-series project, is already in execution phase with all major contracts awarded. The Satellites cluster project will draw on execution synergies with the R-series project being developed concurrently. India today consumes over 5 billion cubic feet a day of natural gas and aspires to double gas consumption by 2022. Gas production from the integrated development is expected to help reduce India’s import dependence and amount to over 10% of the country’s projected gas demand in 2022; benefiting India and domestic consumers at large. KG-D6 (Krishna Godavari Dhirubhai 6) located in the Bay of Bengal on India’s east coast, was Reliance’s first offshore gas field development and its first underwater discovery. (Source and image: BP/Workers on KG D6 block platform)

BAKKEN THREE FORKS GAS ASSESSMENT

May 04, 2013

USGS Releases Updated Bakken and New Three Forks Oil and Gas Assessment. Using a geology-based assessment methodology, the USGS estimated mean undiscovered...

Read More+
FUGRO UNVEILS ROCIS IMAGING SYSTEM

May 03, 2013

Combining recent advances in remote sensing and aerial survey, a new system for airborne current measurement has been developed to bridge the gap between...

Read More+
CARGOTEC LAUNCHES THREE AXIS MOTION COMPENSATION CRANE

May 03, 2013

(Cargotec, Helsinki) Mac Gregor, part of Cargotec, has developed an offshore crane featuring three-axis motion compensation to carry out installations,...

Read More+
STATOIL TO EXPLORE THE CASPIAN SEA WITH SOCAR

May 03, 2013

(Statoil, Stavanger, Norway) Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to...

Read More+
MADALENA: EVALUATION OF SHALE RESOURCES IN ARGENTINA

May 03, 2013

(Madalena Ventures, Calgary, Canada) Madalena Ventures, announces an independent evaluation of its unconventional shale resources with an estimated 34.8...

Read More+
GENEL TAKES NOBLE PAUL ROMANO

May 02, 2013

(Genel, Ankara, Turkey) Genel Energy announces that it has signed a drilling rig contract with Noble Corporation for its African offshore drilling programme....

Read More+
FIRST OIL FOR APACHE AT TONTO, NORTH SEA

May 02, 2013

(Apache, Houston) Apache Corporation announced that its Tonto oil field in the United Kingdom sector of the North Sea commenced production on April 24,...

Read More+
JASPER EXPLORER STARTS DRILLING OFF CONGO

May 02, 2013

 (Jasper Drilling, Singapore) Jasper Drilling announces that its drillship, the “Jasper Explorer” has commenced drilling operations at...

Read More+
OPHIR REPORTS EXCELLENT RESULTS IN TANZANIAN DEEPWATER

May 02, 2013

(Ophir Energy, London) Ophir Energy announces the successful Mzia-2 well test, Block 1 Tanzania. The Mzia DST was designed to be the first test of Cretaceous...

Read More+
GEOSTREAMER DRIVES PGS PROFITABILITY

May 01, 2013

(PGS, Lisaker, Norway) Petroleum Geo-Services specialises in seismic and electromagnetic services, data acquisition, processing and reservoir interpretation....

Read More+
ROSNEFT AND MITSUI TO DEVELOP FEPCO PROJECT

May 01, 2013

(Rosneft, Moscow) Rosneft and Mitsui signed a Memorandum of Understanding to jointly develop FEPCO project - one of the largest petrochemical projects...

Read More+
WOODSIDE: FLNG CONCEPT FOR BROWSE

May 01, 2013

(Woodsise, Perth, Australia) Woodside advises that it has entered into an agreement with Shell that sets out the key principles that would apply if the...

Read More+
Page 493 of 575« First...102030...491492493494495...500510520...Last »

exhibitions And conferences