GREY:NKRSF - Post by User
Post by
perfectplayon Sep 05, 2012 2:56pm
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Post# 20320926
FYI
FYI
D-6 gas output-I: More details come in
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Sept 5: More details have come in on RIL's projected output from the D-6 block.
8Gas production is expected to average 27.6 mmscmd in 2012-13 against the originally estimated output of 86.73 mmscmd
8The figure goes down to 22.6 mmscmd in 2013-14 against a production of 86.92 mmscmd estimated in the Revised Field Development Plan in 2013-14.
8It goes down further to 20.4 mmscmd against the original target of 86.51 mmscmd in 2014-15.
8No further projections are available beyond this point
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D-6 gas output-II: Of 22 wells in D-1 & D-3, as many as 10 are lying idle
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Sept 5: As of today now, the total number of wells that should be drilled in the D-1 and D-3 fields of RIL`s D-6 block totals up to 31.
8Of this, only 22 wells have been drilled.
8Of these 22, only 18 have been connected.
8Of the connected wells, 12 are producing
8As many as six wells are currently not producing.
8In the MA oil & gas field in the block, the wells required to be drilled till date are 7.
8Of these, six were drilled and connected
8But there are only four producing wells at this juncture in the MA field while the other two are shut-in
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D-6 gas output-III: Did RIL play fair?
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Sept 5: There are many cynics in the industry who claim that RIL has deliberately kept output capped in the D-6 block on account of the prevailing low price of gas.
8Critics point to the following facts documented in a government report:
--Date of application by RIL for a price increase in D-6 gas: September 6, 2010
--Date of rejection of the request by the government: October 21, 2010.
--Date of notification by RIL of the fact that output will decline: December, 2010
8Those who look for a controversy claim that there is far too much coincidence between the three dates to rule out a deliberate attempt to keep output down.
8The fact that BP has chosen to also push for a price hike to make D-6 gas output viable has raised eyebrows.
Comment: The three dates are too near each and a cynic may find a pattern in it. There is no doubt that the geology of the D-1 and D-3 channels have turned out to be more complicated than what was thought earlier. The fact that reserves have been severely downgraded is a pointer to that. RIL had made the FDP projections at the higher reserve levels. While some wells have been drilled and not connected, there is hard evidence that water cut and sanding have shut down six of the 18 connected wells. There is of course a case for connecting the wells not connected yet and for workover of the wells that have shut down. There may have been some going slow on this count because of a lack of incentive through a gas price hike. This is a point also made by RIL's partner BP. But there remains the fact that BP, the world's leader in deepwater technology, is also of the same view as RIL that the geology involved in the block is indeed very complex and it is not easy to raise output. In fact, BP had claimed before the petroleum minister that output may come down to zero within a year if the work programmes and budgets are not sanctioned. This prompted a frightened petroleum ministry to convene a meeting of the Management Committee of the block to approve budgets for 2012-13.
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