RIL's KG-D6 Output to Fall to 20 mmscmd in 2014-15

Output from Reliance Industries’ KG-D6 gas fields may drop to all time low of 20 million standard cubic meters per day in 2014-15, Press trust of India reported citing the Oil Minister, S. Jaipal Reddy.

KG-D6, which had hit a peak output of 61.5 mmscmd in March 2010, is currently producing less than 34 mmscmd from Dhirubhai-1 and 3 (D1&D3) gas fields and MA oilfield.

Output from the fields would average 28 mmscmd this fiscal, Reddy said in a written reply to a question in the Rajya Sabha, PTI said.

KG-D6 gas production in 2013-14 is projected to drop to 24 mmscmd.

Meanwhile, India’s demand for natural gas is projected to rise to 254.2 mmscmd in the current fiscal from 166 mmscmd in 2011-12. It is further estimated to increase to 284.27 mmscmd in 2013-14 and to 356.16 mmscmd in 2014-15.

“The domestic availability of natural gas during June 2011 was around 120 mmscmd while imported LNG comprised 46 mmscmd, totalling 166 mmscmd of domestic consumption,” he said.

The minister said Oil and Natural Gas Corporation would produce 55 mmscmd of gas in the current financial year. Its output is projected to rise to 58 mmscmd in 2014-15.

Oil India Ltd (OIL) would produce between 8-10 mmscmd of gas during this period while other fields would contribute 13-24 mmscmd.

Total availability of natural gas from domestic sources in 2012-13 would be 104 mmscmd, which would inch up to 105 mmscmd in the following year. It would rise to 133 mmscmd in 2014-15, he added.