ENHANCING THE UTILISATION OF EXISTING INFRASTRUCTURE
The RIL-BP joint venture today confirmed that it has
completed the safe cessation of production in a planned manner, from the D1 D3 field in
Block KG D6 (KG-DWN-98/3), off the east coast of India. The D1 D3 field was India’s first
deepwater gas field to be put on production in April 2009.
The RIL-BP joint venture has successfully worked to extend the life of production from
the D1 D3 Field which otherwise would have ceased production in 2015 due to issues of
reservoir pressure and water ingress. Through innovation and application of first-of-theirkind solutions, the field’s life was extended for almost five years, to February 2020,
maximizing the recovery from the field.
The KG D6 Block has so far produced an overall 3 TCFe resulting in energy import
savings of over USD 30 billion. These fields also established several global benchmarks
in terms of operational performance including 99.9 % uptime and 100% incident-free
As already informed, the JV has committed an additional $5 billion (Rs. 35,000 Crores)
of investments towards monetizing about 3 TCFe (about 500 Million Barrels of Oil
equivalent) reserves from three projects – R cluster, Satellite cluster and MJ fields. These
projects will utilize the existing gas production infrastructure. Further, this infrastructure
can act as a hub for development of any discovery from contiguous areas.
The first-gas from these fields is expected in mid-2020. The peak production from these
three fields is expected to reach 1 BCFe per day which is about 15% of the then envisaged
BP in India: With its many investments in India and employing around 7,500 people in the
natural gas, lubricants and petrochemicals businesses, BP is one of the largest international
energy companies in India. In addition to its gas value chain alliance with Reliance Industries
Ltd., BP’s activities include Castrol lubricants; the licensing of competitive petrochemical
technologies; oil and gas trading; clean energy projects through its investment in Lightsource
BP; IT and procurement back office activities; staffing and training for BP’s global marine fleet;
and the recruitment of skilled Indian employees for its global businesses.
Reliance Industries Limited (RIL): RIL is India’s largest private sector company, with a
consolidated turnover of INR 622,809 crore ($90.1 billion), cash profit of INR 64,478 crore
($9.3 billion), and net profit of INR 39,588 crore ($5.7 billion) for the year ended March 31,
2019. RIL’s activities span hydrocarbon exploration and production, petroleum refining and
marketing, petrochemicals, retail and digital services.
RIL is the top most ranked company from India to feature in Fortune’s Global 500 list of
‘World’s Largest Corporations’ – currently ranking 106th in terms of both revenues and profits.
The company stands 71st in the ‘Forbes Global 2000’ rankings for 2019 – top-most among
Indian companies. It ranks 10th among LinkedIn’s ‘The Best Companies to Work For In India’
BP press office, London: +44 20 7496 4076, email@example.com
BP press office, New Delhi: +91 11 4375 5000, IndiaPressOffice@se1.bp.com
Reliance press office, Mumbai: +91 22 2278 5000 firstname.lastname@example.org