McDermott on its website confirmed award of the contract but did not give value of the deal. The R-series (D34) project is a dry gas development in water-depths of more than 2,000 metres, about 70km offshore. McDermott said in addition to the R-Cluster of six subsea wells, RIL can give it the job of five to seven more subsea wells at the Satellite-cluster fields in the KG-D6 block. The Dhirubhai-34 or D-34 gas discovery in the southern part of KG-D6 block in Krishna Godavari basin was notified in May 2007. RIL has so far made 19 gas discoveries and 1 oil find in the KG-D6 block.

Source: Mint November 05, 2017 13:52 UTC