Indian industrial group Reliance Industries and its partner BP plan to submit a revised investment plan for four deep-sea satellite gas discoveries (D2, 6,19 and 22) in the Krishna Godavari-Dhirubhai 6 (KG-D6) block, in the Krishna Godavari basin off the Andhra Pradesh coast (India), by the end of the year.
The four satellite gas discoveries should be developed together with D29 and D30 finds in the KG-D6 block. In June 2017, Reliance and BP announced a plan to invest Rs 40,000 crore (US$6.2) in these six finds to reserve the flagging production from KG-D6 block. D-34 or R-Series and D-55 (MJ) will have separate development plans, worth US$3.18bn as approved in August 2013. The D-34 discovery is estimated to hold 1.4 Tcf (39.5 bcm) of gas reserves.
In 2012, the Indian government approved a US$1.5bn plan to produce 10.36 mcf/d (0.3 mcm/d or 107 mcm/year) of gas from four satellite fields of block KG-DWN-98/3 (KG D6) by 2016-17. These fields are estimated to hold 617 bcf (17 bcm) of reserves, enough to produce gas for eight years. However, Reliance and BP have been waiting for a higher gas price (US$5.56/MMBtu) for gas finds in high-production-cost areas to start developing the fields.