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Gas output from Reliance Industries Ltd (RIL) operated, KG-D6 block is expected to touch 67 mscmd by April 1.
For this, RIL would need to drill two more wells within a month. On account of reservoir problems, output from RIL's KG-D6 block had dropped to the current level of 53 mscmd from 60 mscmd.
“According to the approved field development plan (FDP), gas production should rise to 67 mscmd in April,” Mr S.K. Srivastava, the Director-General, the Directorate General of Hydrocarbons, said on Wednesday at the sidelines of a CII event on NELP-IX.
He added that so far 18 wells had been drilled in the basin. A total of 22 development or production wells had been approved in Phase-I of the field development plan (FDP) for fields.
NELP-IX
Meanwhile, speaking about the NELP-IX blocks, Mr Srivastava said that the exploration phase for deep water blocks and blocks in the North East would be increased to five years. Generally, the exploration phase for NELP blocks is four years.
Mr Srivastava also said that the area around Andaman & Nicobar Islands has potential block sizes ranging from 20 sq km to 100 sq km. He said that there are very few such potential ‘Elephant' block opportunities available anywhere in the world.
Petrol Pricing
Also present at the event, Mr Sudhir Bhargava, Additional Secretary, Ministry of Petroleum and Natural Gas, said that the Government does not intend to regulate petrol prices.
“There is no plan to regulate petrol prices now, but there is a provision that if prices go to astronomically high levels then the Government may intervene,” he said.
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