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Reliance says main KG-D6 gas fields in ‘late life stage’

DNMUM439650 | 7/22/2019 | Author : DNA Money Correspondent | WC :523

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Mumbai: To reverse the decline in production of natural gas fields in KG-D6 block in Bay of Bengal, Reliance Industries (RIL) said it is likely to start production at the three new sets of discoveries in the block by mid-2020.
The production decline in the blocks over the years has brought it to ‘late life stage’ though it has not plummeted to an all-time low.
In an investor presentation post the announcement of its June quarter results, the company said that Dhirubhai-1 and 3, which once were the country’s highest gas producing fields, are now “in a late stage’.
The depleting output has been affected by low pressure and water ingress related challenges. As per the company, the fields produced an average of 1.76 mi
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