Companies & Finance

India’s KG-D6 output still falling, dragging Reliance’s results

Gas production from India’s deepwater Krishna Godavari D6 Block dropped by 18% quarter on quarter in Q2 2013 – the 12th straight quarterly drop for the troubled area.
By Sara Stefanini 22 July 2013 0 2868

Gas production from India’s deepwater Krishna Godavari D6 (KG-D6) Block dropped by 18% quarter on quarter in Q2 2013 – the 12th straight quarterly drop for the troubled area. However, the block’s developers are continuing to work on new fields in the hopes of reversing the decline by about 2015.

The block produced 49.2 billion cubic feet (1.39 billion cubic metres) of gas in Q2, operator Reliance Industries said in its quarterly report. That represents an average of approximately 15.3 million cubic metres per day (MMcm/d),...