NEW DELHI: The second wave of oil and gas discoveries in the crucial KG basin came onstream on Friday with the Reliance Industries-BP Plc combine announcing the start of production in Asia deepest gas block: the deepwater R cluster. This is the first of three such deepsea projects that are expected to meet about 15 per cent of India’s gas demand by 2023.
The RIL-BP combine is developing three deepwater gas projects in the Krishna-Godavari basin block D6 (KG D6): the R Cluster, Satellites Cluster and MJ. “These projects will utilise the existing hub infrastructure in KG-D6 block,” a joint statement by the two firms said. The KG D6 block’s operator is Reliance with a 66.67 per cent stake, and the rest is held by BP Plc.
