Reliance Industries Limited (RIL) and UK-based multi-national oil and gas company BP today announced production from the R cluster. It is a water-gas field on the block KG D6 located on the east coast of the country and is the country’s first ultra-deep water gas project and the deepest gas project in Asia. In the block KG D6 basin, R cluster, satellite cluster and MJ are developing three gas projects in Reliance and BP Deep. The gas coming out of these three projects will fulfill about 15 percent of India’s gas needs by 2023 and 25 percent of domestic gas will be produced from here.
In these projects, the existing hub infrastructure in KG D-6 block will be utilized. At present, Mukesh Ambani’s company Reliance has 66.67 stake in KG D6 while BP holds 33.33 percent stake in it.
Next project will start in 2021
Out of the three projects that Reliance and BP are working on, production has already started from Project R cluster. This field is located 60 km from the KG D6 Control and Riser Platform (CRP) located on the Kakinada coast. It is the deepest offshore gas field not only in India but in the whole of Asia. Its depth is more than 2 thousand meters. The next project Satellite Cluster will start next year and after that MJ project will be started in 2020.
Major achievement for India’s energy sector – Reliance chief
Mukesh Ambani, chairman and managing director of Reliance, said the two companies used their expertise in geographical and climate-challenging gas projects to start production in the R cluster. According to Ambani, this is a big achievement for the country’s energy sector with an economy based on clean and green energy.
BP’s chief executive Bernard Luni said that this beginning is a step towards possibilities towards partnership with Reliance. According to Luni, with the help of the best expertise of both companies, India’s rapidly growing energy needs will be met.