India’s gas output to rise 25% helped by production RIL-BP, and ONGC gas fields
MUMBAI: India’s gas output will rise 25% this year to 95-100 million metric standard cubic metres a day (mmscmd), led by production from fields jointly owned by Reliance Industries (RIL) and BP plc, and from that of state-run Oil and Natural Gas Corporation Ltd (ONGC).
The RIL-BP joint venture started production from the new R cluster in the Krishna-Godavari basin fields in December, which will be ramped up this year.
The R Cluster is expected to reach peak production of 13 million metric standard cubic metres (mmscmd) a day in 2021 and plateau thereafter. Two other fields, Satellite Cluster and MJ Field, are expected to begin producing in 2021-22. RIL and partner BP plc have together invested $6 billion in the project.
