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)

SPECTRUM: EXPLORING PERNAMBUCO-OARAIBA BASINS

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Spectrum Geo has commenced a 6,000 km 2D seismic program over the under-explored Pernambuco-Paraiba basins along the Eastern Margins of Brazil. The program...

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GEORGE H.W. BUSH VISIONARY OF OFFSHORE DRILLING

April 08, 2018

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OYMYAKON, COLDEST INHABITED PLACE ON EARTH

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The coldest inhabited place on earth is Oymykon located in eastern Siberia. According to the NASA the lowest ever temperature on earth was recorded on...

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SIEMENS GAMESA TO EQUIP DAM NAI WIND FARM IN VIETNAM

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Siemens Gamesa Renewable Energy (SGRE) continues to reinforce its presence in Vietnam where it will install and commission the Dam Nai wind farm with 39...

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April 06, 2018

Midland based ProPetro advised that 2017 was the most successful year in Company’s 12-Year History with year-over-year revenue increase of 125%. The...

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REVOLUTION WIND TO DELIVER 200 MW OF CLEAN ENERGY

April 06, 2018

Deepwater Wind, America’s leading offshore wind developer proposed to supply 200 megawatts from its Revolution Wind project to Connecticut. The proposal...

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ABB SUBSTATION FOR RASHID AL MAKTOUM SOLAR PARK

April 06, 2018

ABB has won an order worth more than $90 million from Dubai Electricity and Water Authority (DEWA), the leading power utility in United Arab Emirates (UAE),...

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CHC OPENS NEW BASE IN BRAZIL TO SUPPORT SHELL OPERATIONS

April 05, 2018

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London based Savannah Petroleum announced that the first well in its three well drilling campaign, Bushiya-1, was spudded on 31st March 2018. Bushiya-1...

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