Exploration & Production

Reliance is one of the largest exploration and production players in India having a balanced domestic conventional and unconventional hydrocarbon portfolio.

Portfolio Snapshot

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

Reliance entered the Exploration and Production (E&P) business by becoming a 30% partner in an unincorporated joint venture with Shell (erstwhile BG) and ONGC in the Panna Mukta and Mid and South Tapti blocks. Our domestic portfolio comprises of six conventional oil and gas blocks in Panna Mukta Tapti (PMT), Krishna Godavari, Mahanadi, Gujarat Saurashtra, & Cambay Basins and two Coal Bed Methane (CBM) blocks in Sohagpur East and West in Madhya Pradesh.
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 is a perfect blend of BP’s deepwater and development expertise with Reliance’s project management skills. We have also forged strategic partnerships with Chevron and Pioneer Natural Resources 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. Reliance, along with its partners, has committed ~$6 billion for second wave of projects in KG D6 over the next few years. 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 in 2017. As part of CBM development program, Reliance has drilled more than 200 wells and set up two Gas Gathering Stations and 8 Water Gathering Stations.

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

The CBM project is the largest surface footprint hydrocarbon project of the country.

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 and a 40% WI partnership with Chevron and a 60% WI partnership with Carrizo Oil & Gas in the Marcellus Shale play.

All 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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