Mumbai April 19 (IANS) Reliance Industries (RIL) and British oil major BP on Thursday jointly announced the sanction of development work on the "Satellite cluster" deep-water gas fields in their Krishna Godavari (KG) D6 block on the eastern offshore.
According to a statement here the "Satellite cluster" is the second of three projects in block KG D6 being operated by the RIL-led consortium that includes BP and the Canada-headquartered Niko Resources.
"The companies are moving forward to develop the block s discovered deep-water gas fields in an integrated series of projects bringing new gas production for India " it said.
"The Satellite cluster is the second of three projects in the Block KG D6 integrated development. The first of the projects development of the R-Series deep-water gas fields was sanctioned in June 2017.
"Together the three projects will develop a total of about three trillion cubic feet of discovered gas resources with a total investment of Rs 40 000 crore ($6 billion).
"They are expected to bring a total of 30-35 million cubic metres (one billion cubic feet) of gas a day new domestic gas production onstream phased over 2020-2022 " it added.
Commenting on the development RIL Chairman Mukesh Ambani said in a statement: "In consonance with our announcements last year to raise domestic gas production we are delighted to announce the on-schedule progress of the Satellite cluster in the east coast of India."
"This latest investment is a further demonstration of BP s commitment to India " the statement cited BP Chief Executive Bob Dudley as saying in London.
--IANS
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