Reliance Industries Ltd gas output falls to all time low, shuts 8th well in KG-D6
The USD 100-120 million spending in the work-over is part of the capital Budget for current fiscal which along with the same for 2010-11 and 2011-12 is pending approval.
Oil Ministry says it has withheld approvals pending RIL agreeing to give the Comptroller and Auditor General (CAG) access of its books to conduct a second round of audit. The audit has since begun but the approvals haven't come yet.
Of the 21.35 mmscmd of cumulative production from January 7 to 13, 14.54 mmscmd was sold to fertiliser plants and 4.02 mmscmd to power plants. The remaining 2.79 mmscmd gas was consumed by other sectors such as LPG and the East-West pipeline which transports fuel from east coast to the west.
RIL, the report said, has projected an output of 22 mmscmd in January.
RIL has so far made 18 gas and one oil discovery in the Krishna Godavari basin block in Bay of Bengal. While the lone oil find, MA went on stream in September 2008, largest among the gas finds, D1&D3 were put on production in April, 2009.
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