Oil Gas Cooperation BP Explains New Strategy For Indian KGD6 Offshore Gasfields

Editor: Dominik Stephan

After a falling gas production in the KGD6 offshore field during the third quarter of 2011 BP explains its new strategy for the joint operation together with Indian Reliance.

Related Companies

Map of deal interests – BP and Reliance entered a strategic alliance to join their forces on India's oil and gas markets in summer 2011. Furthermore, BP acquired a 30 percent stake in 21 oil and gas production sharing contracts of Reliance in India, including the producing KG D6 block. (Picture: PROCESS India)
Map of deal interests – BP and Reliance entered a strategic alliance to join their forces on India's oil and gas markets in summer 2011. Furthermore, BP acquired a 30 percent stake in 21 oil and gas production sharing contracts of Reliance in India, including the producing KG D6 block. (Picture: PROCESS India)

New Dehli/India – With falling gas productions in the KGD6 field, BPS aims for a new strategy in the Bay of Benghal. According to the British oil corporation, the KGD6 production shall be boosted by satellite fields. This so called 'Next Wave' strategy shall help to overcome the current slump in production. BP jointly operates the KGD6 field together with Indian Reliance Industries since summer 2011.

Last Saturday Reliance reported a 23 percent decrease in production volume from the D6 block for the quarter July to September 2011. During that time, the block's production was about 147.2 billion cubic feet, or 45 million standard cubic metres of raw gas per day. Initially a rising production was expected for this summer after good production outcomes in march.

Reliance and BP cooperate on 21 oil and gas block, covering approximately 220,000 square kilometres, in water depths from 400 to over 3,000 metres. They include the KG D6 block that currently produces about 1.7 billion cubic feet of gas per day, over 40 per cent of India’s total gas production.

(ID:29762940)