Exploration & Production

Reliance is one of the largest exploration and production players in India and has a balanced domestic and international asset portfolio.

Portfolio Snapshot

RIL’s upstream business comprises the complete chain of activity starting from exploration, appraisal, development and production.

Reliance entered the Exploration and Production (E&P) business by becoming a 30% partner in an unincorporated joint venture with British Gas and ONGC in the Panna Mukta and Mid and South Tapti blocks. Besides Panna Mukta and Tapti (PMT) blocks, our domestic portfolio comprises of five conventional oil and gas blocks in Krishna Godavari, Mahanadi, Cauvery Palar, Gujarat Saurashtra & Cambay Basin and two Coal Bed Methane (CBM) blocks in Sohagpur East and West in Madhya Pradesh.
On the international front, Reliance has acquired two offshore blocks in Myanmar. In the year 2010, Reliance entered into three Joint Ventures in the Marcellus and Eagle Ford plays in the fast-growing US shale gas industry.

Oil and gas is currently being produced from our PMT blocks and KG D6 blocks in India and shale gas JVs in the US.

Partnering for Growth

Partnerships represent an important dimension of the E&P business. Reliance and BP entered into transformational partnership with focus on delivering growth and adding value to India’s energy sector. The partnership commemorates a perfect blend of BP’s deepwater and development expertise with Reliance’s project management skills. In partnership with BP, Reliance plans to become a major player across the gas value chain in India. We have also forged strategic partnerships with Chevron, Pioneer Natural Resources and Carrizo Oil and Gas for development of shale gas resources in US.

RIL and its partners in conventional and Shale Business work closely together and channelize expertise to target high quality prospects and optimise existing and future development plans.

In the upstream business, Reliance aspires to:

Be among the top 10 global independent hydrocarbon producers in next 10 years with a target sustainable production of 1 MMBOEPD

Bring no harm to people and environment, safety is paramount (Zero accidents, 100% compliance)

Be recognised as a "Partner of choice" for our stakeholders, building strong relationships which are of mutual advantage

Be India's top player across the gas value chain

Have best-in-class people, processes and technology


Operations

Conventional

In 2002, Reliance struck gas in the D1-D3 field of KG D6 block. RIL is producing natural gas from the gas fields D1-D3 since April 1, 2009, and light crude oil from the D26 oil field in KG D6 block, since September 17, 2008. Both projects have been commissioned in a record time – the D1-D3 fields in about six and half years, and the D26 field in just a little over two years - from discovery.

These fields rank amongst one of the largest green-field deepwater oil and gas production facilities in the world. D1-D3 fields are the first and only deepwater producing fields in India and remains among the most complex reservoirs in the world. Efforts are underway for augmentation of production from existing KG D6 producing fields.

In the coming years, Reliance plans to develop additional hydrocarbon resources from the existing discoveries in the portfolio.

To supplement the existing asset base, we continue to look at new opportunities globally that are a strategic fit with capabilities and integrated petroleum value chain.

Coal Bed Methane

Development activities are underway in 2 CBM blocks (Sohagpur East and West) with first gas being targeted in the current year. As part of CBM development program, Reliance is drilling more than 200 wells and setting up two Gas Gathering Stations and 8 Water Gathering Stations in Phase-I.

Reliance Gas Pipeline Limited (RGPL), one of the subsidiary of RIL is laying around 300 KM of natural gas pipeline from Shahdol in Madhya Pradesh to Phulpur in Uttar Pradesh to transport gas from RIL’s CBM blocks.

US Shale Gas

Reliance’s upstream joint ventures in US Shale gas include a 45% working interest (WI) partnership with Pioneer Natural Resources in the Eagle Ford shale play, a 40% WI partnership with Chevron and a 60% WI partnership with Carrizo Oil & Gas in the Marcellus Shale play.

These JVs have positioned Reliance as one of the leading players in the Marcellus and Eagle Ford plays. Eagle Ford shale remains one of the most competitive liquid shale plays in the US and Marcellus is among the most competitive gas play in US.

We are constantly working with our partners to progress various value creation initiatives that improve our business performance. New development concepts such as down spaced wells, drilling in middle Eagle Ford and upper Marcellus have been initiated, which will positively impact reserve accretion and improve recovery. Cost reduction initiatives like multi well-pad drilling, longer laterals and others have been successfully introduced. All three JVs remain focused on high-grading of development activities, improving costs and efficiencies and managing the low price environment through prioritizing well capex in the most prolific areas.

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