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.