Par panel pulls up OilMin for not taking action against Reliance Industries
A Parliamentary committee has pulled up the Oil Ministry for not taking penal action against Reliance Industries for not adhering to the approved investment plan leading to fall in output at KG-D6 fields.
The Standing Committee on Petroleum & Natural Gas in its report tabled in Parliament today asked the ministry to strictly monitor implementation of directions issued to RIL for reversing the trend of falling gas output from the Bay of Bengal field.
RIL's KG-D6 field has seen output drop from 62-63 million standard cubic meters per day achieved in August 2010 to 23-24 mmscmd currently. Output as per the approved USD 8.8 billion investment plan should have been 80 mmscmd as on date.
The panel said it was "disappointed that the reply of the ministry (explaining the drop in output) does not indicate any penal action on the operator (RIL) for shortfall in achieving the field development plan (FDP) that will arrest the decline in natural gas production."
The Ministry in its response that told the committee that it had asked RIL to drill and put on production more gas wells in line with FDP and take remedial measures to revive sick wells.
RIL has drilled only 22 out of the 31 wells that it had outlined in the investment plan for D1&D3, the largest of the 18 gas finds in the KG-D6 block. Of these, only 18 were put on production and even out of those put on production, six wells have shut due to high water and sand ingress.
"The Committee desire
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