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)

FMC ANNOUNCES FOUR-YEAR SERVICES AGREEMENT WITH PETROBRAS

April 17, 2013

(FMC Technologies, Houston) FMC Technologies announced that it has signed a four year frame agreement with Petrobras to provide subsea services for its...

Read More+
SEADRILL SECURES A THREE-YEAR CONTRACT FOR THE NEWBUILD WEST NEPTUNE

April 17, 2013

(Seadrill, Hamilton, Bermuda) Seadrill has signed a contract with LLOG Bluewater Holdings, LLC, for employment of  the new-build drill-ship, West...

Read More+
WATSON LAKE BI-FUEL PROJECT APPROVED

April 17, 2013

(Whitehorse, Yukon, Canada) Yukon Electrical announced that its application for the Watson Lake liquefied natural gas (LNG) project has been accepted by...

Read More+
TNK DISCOVERS A NEW OILFIELD IN WESTERN SIBERIA

April 16, 2013

(Rosneft, Moscow) Rosneft reports that its subsidiary TNK-Uvat has discovered Severo-Keum, a new oilfield in Uvat district of Tyumen region. Recoverable...

Read More+
CGG AND LOUIS DREYFUS CREATE A JOINT VENTURE

April 16, 2013

(CGG, Paris) CGG and Louis Dreyfus Armateurs Group (LDA) announced today the creation of a ship management joint venture, GeofieLD Ship Management Services....

Read More+
FIRST OIL AT HUNTINGTON, UK NORTH SEA

April 16, 2013

(Premier Oil, London) Premier Oil announced that oil production from the Huntington field in the UK Central North Sea commenced on Friday 12 April. After...

Read More+
IRAN BECOMES LPG SELF SUFFICIENT

April 16, 2013

(Press TV, Iran) Iran is now self-sufficient in production of LNG and has stopped its imports of liquefied petroleum gas (LPG). This important milestone...

Read More+
ENI AWARDED A NEW EXPLORATION AREA IN THE TIMOR SEA

April 16, 2013

(Eni, San Donato Milanese, Italy) Eni has been awarded a new exploration Production Sharing Contract (“PSC‘) covering an area of 662 sqkm adjacent...

Read More+
GODE WIND POWERED BY SIEMENS TURBINES

April 16, 2013

DONG Energy and Siemens AG have entered into agreements securing potential  supplies and servicing of a total of 154 offshore wind turbines of 6 megawatt ...

Read More+
CAIRN TAKES THE CAJUN EXPRESS

April 15, 2013

(Cairn Energy, Edinburgh) Cairn Energy announces it has secured a long term contract with Transocean for the “Cajun Express” drilling unit....

Read More+
FALCON ENERGY ORDERS NEW JACKUP

April 15, 2013

Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine has secured a contract from Singapore-listed Falcon Energy Group Limited through...

Read More+
MAJOR GAS FIND IN ALGERIA FOR REPSOL

April 15, 2013

The Financial Times reported that the Spanish Repsol has made a significant gas discovery in southeast Algeria in the Sud-Est Illizi block, near the Libyan...

Read More+
Page 498 of 575« First...102030...496497498499500...510520530...Last »

exhibitions And conferences