Reliance Industries is now developing three sets of discoveries: R-Cluster, Satellite Cluster and MJ fields in the KG-D6 block at a cost of ₹ 40,000 crore. Of these, D26 or MA—the only oil discovery in the block—was the first field to began production in September 2008. “MA field cessation expected by September 2018,” Reliance said in an investor presentation post announcing June quarter earnings. Reliance said KG-D6 output in April-June averaged at 4.7 mmscmd, which includes production from both D1 and D3 and MA fields. Reliance is the operator of KG-D6 block with 60% interest, while BP Plc of the UK holds 30% stake.

Source: Mint July 29, 2018 08:03 UTC