Financial Daily from THE HINDU group of publications
Thursday, Apr 28, 2005
Financial Daily from THE HINDU group of publications Thursday, Apr 28, 2005 |
|
|
|
|
|
Home Page
-
Petroleum Government - Policy Govt clears natural gas production at K-G field
RELIANCE Industries Ltd on Wednesday said it has received government approval for its plan to begin natural gas production at its Krishna-Godavari basin field. "A development plan for producing 40 million standard cubic metres per day of gas initially from Dhirubhai 1 and 3 of theKG-D6 block has been approved by the Directorate General of Hydrocarbons. Mining lease for 20 years, effective from March 2, 2005, has been granted," the company said in a release. It did not say when it would start production or the investments it would make. The company has found gas in nine out of 12 wells drilled so far in deep-sea block KG-DWN-98/3 (also known as KG-D6) and only the first three discoveries, Dhirubhai 1, 2 and 3, have been declared commercial. Of these, Reliance proposes to develop Dhirubhai 1 and 3 in the first phase. The company is expected to bring the gas to a processing facility near Kakinada through a 35-km, 24-inch pipeline. However, the plans have been delayed till March 2008 as against the earlier August 2007 deadline. Reliance holds 90-per cent interest and Niko Resources of Canada the remaining 10 per cent.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|