Reliance Industries has resumed crude oil production from its predominantly gas-rich KG-D6 block after a three-month shutdown, which was forced by an equipment failure.
The field pumped about 5,000 barrels of crude oil on the restart as the company tested equipments and systems.
Output may rise to 10-12 Thousand barrels per day by the month-end, when the field would be shut again for 45 days to hook up more oil wells.
The MA field in the Krishna Godavari basin block off the Andhra coast began pumping oil in Sept 2008 and had produced 7.90 Lakh barrels of oil till Dec 9, when output ceased due to equipment failure.
Production recommenced last week after completion of necessary repairs and modification. Gas from the block is also expected to start flowing by March-end.
Reliance was producing about 10 Thousand barrels of oil per day from two wells before the shutdown and it would add another well this month to raise the output.
Three more wells are likely to be brought into production when the field takes the planned shutdown in March-end or early April. Output is expected to rise to 40 Thousand barrels per day before the end of the April-June quarter."
The field pumped about 5,000 barrels of crude oil on the restart as the company tested equipments and systems.
Output may rise to 10-12 Thousand barrels per day by the month-end, when the field would be shut again for 45 days to hook up more oil wells.
The MA field in the Krishna Godavari basin block off the Andhra coast began pumping oil in Sept 2008 and had produced 7.90 Lakh barrels of oil till Dec 9, when output ceased due to equipment failure.
Production recommenced last week after completion of necessary repairs and modification. Gas from the block is also expected to start flowing by March-end.
Reliance was producing about 10 Thousand barrels of oil per day from two wells before the shutdown and it would add another well this month to raise the output.
Three more wells are likely to be brought into production when the field takes the planned shutdown in March-end or early April. Output is expected to rise to 40 Thousand barrels per day before the end of the April-June quarter."
No comments:
Post a Comment