New Delhi: Reliance Industries has slashed natural gas reserves in its main production gas fields in the Krishna Godavari basin D6 block by 70 per cent to 3.10 Trillion cubic feet (Tcf) due to "unforeseen geological surprises".
Minister of State for Petroleum and Natural Gas RPN Singh told the Lok Sabha in a written reply that RIL had estimated 10.3 Tcf of recoverable reserves in the Dhirubhai-1 and 3 (D1&D3) gas field in the KG-D6 block.
"Subsequently, the contractor (RIL) revised the estimates of recoverable reserves of D1&D3 fields as 3.10 Tcf," he said.
D1&D3, the biggest of the 18 finds RIL has made in the deep-sea block in Bay of Bengal, had begun production in April 2009 and had produced 2 Tcf of gas during past three years....more
01:37 PM, Aug 09, 2012