Companies & Sectors
Reliance Industries denies allegation of hoarding gas in KG-D6

RIL, in a letter says hoarding gas in the case of D1-D3 reservoir in KG-D6 block is a technical impossibility as oil and gas reservoirs are dynamic system and not inert cold storage facilities

New Delhi: Reliance Industries Ltd (RIL) has denied allegation that it is hoarding gas by keeping Krishna Godavari (KG) D6 output low saying it was technically impossible to store gas in the KG basin fields, and sought appointment of independent international experts to verify its claims, reports PTI.

 

"Hoarding gas in the case of D1-D3 reservoir (in KG-D6 block) is a technical impossibility. Oil and gas reservoirs are dynamic system and not inert cold storage facilities. They are both subject to and respond to production rates and flows," RIL wrote to the Oil Secretary.

 

In the letter to the Oil Secretary GC Chaturvedi, RIL Executive Director PMS Prasad sought appointment of a team of international experts of repute to independently verify its estimates as well as the action that have been taken.

 

Gas production from D1-D3 started declining from a plateau level of about 55 million standard cubic meters per day in August 2010. It is currently less than 20 mmscmd.

 

Six out of the 18 wells on the field have been shut due to high water and sand ingress. KG-D6 is currently producing around 25 mmscmd after including output from the MA field.

 

"Worldover, oil and gas fields are known to be unpredictable... Buried deep in geological frontiers, miles below the surface, surprises are a common occurrence. Deep water basins (like KG-D6) add to the complexity as technologies to assess sub surface conditions several kilometers are even less perfect," he wrote.

 

Referring to gas reserve estimates of being lowered from 10.03 trillion cubic feet to 3.4 Tcf, RIL cited state-owned ONGC encountering similar geological surprises in Neelam gas field off west coast and in Imperial Energy assets in Russia.

 

RIL has at all times kept the government informed that the D1-D3 reservoir has thrown up unanticipated surprises and has shared all the relevant information and data," he wrote, adding the company had on several occasions sought appointment of international experts to verify its claims so that "misinformation" could be averted.

 

Prasad said while, on the one hand, RIL has been accused of escalating costs and, on the other, it is being targeted for expending capital in drilling wells to increase production.

 

"Four wells drilled after commencement of production in D1-D3 have conclusively proved that drilling additional wells would be infructuous. If the contractor (RIL) were really to benefit from escalating costs, we would have gone ahead and drilled all the wells demanded by DGH at an additional expense of nearly $2 billion," he wrote.

 

Instead, RIL has cut back on all infructuous expenditure and scaled down cost estimates by nearly $3 billion as all technical information now available showed that adding new wells in D1-D3 field would not add to production, he added.

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COMMENTS

Bikram Duggal

4 years ago

Historical events make it difficult to take the statement of Reliance at Face value. the questions that must be asked are - 1) Have they sunk the number of wells they had indicated in the first place?
2) Locations and depth of the wells on site should also be examined to make sure that they are not purposefully on inert locations/spots.
3) Are all those Wells functional? Why those wells can't be capped and not utilized is not something I'm qualified to answer but I'm sure someone can.
3)Being one of the largest company in their field they would have considerable clout in the field and therefore choice of an "independent assessor" will have to be made very very carefully.

Government spent 60% more on remembering Kasturba than Mahatma Gandhi

Expenditure incurred on Nirwan Diwas of Kasturba, wife of Mahatma Gandhi, was 60% more than the combined expenditure incurred on the birth and death anniversary of the Father of the Nation which was Rs51.86 lakh, reveals a reply received under the RTI

New Delhi: Nearly Rs83 lakh was spent in commemorating the death anniversary of Kasturba Gandhi during the last two years, which was 60% more than the combined expenditure incurred on the death and birth anniversary events of Mahatma Gandhi during that period, reports PTI.

 

An RTI (Right to Information) response has revealed that the Gandhi Smriti and Darshan Samiti, which works under the culture ministry, had spent Rs2.46 lakh for publicity and printing of invitation cards for observing Kasturba Gandhi’s death anniversary as “Nirwan Diwas” on 22nd February last year while this year’s expenditure was Rs2.68 lakh.

 

The Samiti had also incurred an additional expenditure of Rs30.44 lakh in 2011 and Rs47.17 lakh this year in observing her death anniversary.

 

The details given by the Samiti to activist Subhash Agrawal under RTI show that the expenditure incurred on Nirwan Diwas of Kasturba, wife of Mahatma Gandhi, was 60% more than the combined expenditure incurred on the birth and death anniversary of the Father of the Nation which was Rs51.86 lakh.

 

The details show that the Samiti spent Rs4.62 lakh on printing of invitation cards and publicity to commemorate birth anniversary of Mahatma Gandhi on 2nd October which is also famous as International day of Non-Violence in 2011 while this year the figure was Rs2.48 lakh.

 

Additional expenditure of Rs8.73 lakh and Rs7.41 lakh was also incurred on the occasion in 2011 and 2012, respectively.

 

Similarly, Rs13.5 lakh was spent in observing the Mahatma’s death anniversary on 30 January 2011 while Rs15 lakh was spent in 2012. These figures include publicity, invitation cards and other expenses incurred by the Samiti.

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Mumbai pays tribute to 26/11 martyrs, victims on fourth anniversary

Floral tributes were paid to the martyrs and victims of the 2008 Mumbai terror attacks on Monday, the fourth anniversary of the 26/11 terrorist strike


Mumbai: Floral tributes were paid to the martyrs of the 2008 Mumbai terror attacks on Monday, the fourth anniversary of the strike, with Union ministers Sushil Kumar Shinde and Sharad Pawar laying wreaths at the police memorial in South Mumbai, reports PTI.

 

Shinde and Pawar paid homage to the heroes at the Police Gymkhana in Marine Lines where a 26/11 memorial has been erected in remembrance of the policemen who lost their lives fighting terrorists during the dastardly strikes in Maharashtra.

 

Maharashtra Governor K Sankaranarayanan, Chief Minister Prithviraj Chavan, Home Minister RR Patil, Mumbai Police Commissioner Satyapal Singh and family members of victims and brave-hearts also paid tributes.

 

Lone surviving Pakistani terrorist Ajmal Amir Kasab, who was nabbed after the carnage was hanged in Pune's Yerawada Jail on 21st November.

 

Security has been stepped up in the metropolis, after Tehreek-i-Taliban Pakistan (TTP) spokesman Ehsanullah Ehsan warned of mounting attacks "in India and anywhere" to avenge Kasab's hanging.

 

Vital establishments, including airports and the Bhabha Atomic Research Centre (BARC), are also under tight vigil after the threat.

 

The 2008 Mumbai attacks were eleven coordinated shooting and bombing attacks across Mumbai terrorists who were trained in and came from Pakistan.

 

166 people were killed when Kasab and nine of his aides unleashed terror in the country's financial capital four years ago.

 

The attacks, which drew widespread global condemnation, began on Wednesday, 26th November and lasted until Saturday, 29 November 2008.

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