To reverse the decline in production of natural gas fields in KG-D6 block in Bay of Bengal, Reliance Industries (RIL) said it is likely to start production at the three new sets of discoveries in the block by mid-2020. The production decline in the blocks over the years has brought it to 'late life stage' though it has not plummeted to an all-time low. MA, which is the only oil discovery in the block began production in September 2008 but ceased to produce in September last year. While D1 and D3 fields, which went into production in April 2009, are now said to be in their last stage. BP's chief executive (upstream) Bernard Looney said the partners are also discussing the development of natural gas found in Mahanadi basin, off the Odisha coast.

Source: dna July 22, 2019 00:56 UTC