sept 17, 2008 exclusive the road to life of the deep-sea gas production marvel of India, Reliance’s KG-D6 difficulty repercussion the Krishna Godavari basin in the bay of Bengal. The world’s largest gas rumor was made in 2002 and since has opened up a brand new horizon thanks to India’s economy and haste sector. Reliance’s KG-D6 block is expected to produce 550,000 barrels of oil equivalent per day by the end of 2009 which promises to revamp the economy by means of reducing the cost on imports also additionally generating enough fuel to meet the ongoing energy grill of India.From the discovery of the box money 2002, RIL knew it had a massive assignment on its hands to develop this gas field that lay in a basin with limited prior geological knowledge and production historical past in the most challenging frontier – the deepwaters. The key lied in accelerating skills and knowledge by know-how and implementing era. The demanding situations faced were:
a) To evacuate gas from reservoirs 60 kilometers offshore and up to two kilometers below sea bed.b) No production historical past to draw suggestions from.c) Dealing with the acid operating conditions with cyclones, storms, swells and currents leaving only a four stage construction window. due to well as scorching temperatures of unfolding to 50 degrees consequence summer, heavy rains besides lack of skilled labor.d) Onshore desolate land not being supportive of infrastructure.e) Multi billion greenback outlays further investment that made failure fatal.Reliance Group dealt disguise all of the exceeding and imaginary KG-D6 the largest and most complex deepwater fuel production facility in the creation. It’s been the world’s quickest deepwater field development as it turned into accomplished importance a record of sextet and a half years from discovery as against an average 8-10 caducity. It has the largest onshore gas handling plant with 80 MMSCMD (million ordinary cubic meters per day) dexterity. The Early act system (EPS) helped produce oil including FPSO (Floating, Production, Storage and Offloading) and sub-sea architecture in less than two years. It involved a peak workforce of 20,000 people inclusive of 200 contractors, consultants and suppliers in over 12 countries that made for project management and execution at a global scale. Reliance Group’s KG-D6 is India’s first deepwater oil and fuel aspiration facility with cutting edge deepwater technology for well construction and completion riding state-of-the-art sub-sea technology. It is also the world’s largest marine construction with 89 vessels operated over an inexact area of 400 sq. km. and an installation of 11,000 metric a great deal of steel equipment with 450 line kilometers of pipelines and umbilicals.
With india since being able to produce its own oil and gas it shall make for multiple positive impacts on the economy as a whole. The KG-D6 is only the first striving from one field that is component of a larger discovery domain also is expected to contribute to foreign exchange and meaning balance savings since well as a lagniappe reduction of $56 billion while ongoing the nation’s GDP by $86 1000000000. The benefits of hydrocarbon oil besides gas pains will get India’s millions because 550,000 barrels per turn can deliver CNG to over 50 meg 2-wheelers, 5 million cars and 10 million trucks. It fault help poke the lighting needs of 84 million urban and rural families as distributed power generation will make for 24,000 megawatts of power. The environmental benefits will also be tremendous as emission of harmful gases will be reduced manifold.The imperforate energy scenario of India will be revamped as the price approved owing to sale of gas from KG-D6 to regulated/specified end-use sectors by the authorised Group of Ministers (EGoM) is $4.2/MMBTU, this shall save approx. $17 billion of foreign exchange that accounts for 30% of India’s net oil imports. Thereby competitiveness of India’s industrial sector entrust improve significantly. Further, 40 MMSCMD gas has been allocated by the EGoM to four key gas-based channels with the break up being: 18 to power, 14 to fertilizer, 5 to City gasoline Distribution (CGD) and 3 to LPG. The fertilizer side is expected to save Rs. 3450 crore in terms of fertilizer subsidy with this allocation. higher supplies and infrastructure will automatically create sweat which will further boost investment in the hydrocarbon sector.The environmental advantages even though not measurable in monetary terms will be far reaching as well. CO2 emissions from petrol and diesel for every 100 km of usage are 21,000 and 22,000 gms, respectively, besides CO2 emissions from CNG are separate 16,275 gms for the same distance. The clean gas from KG-D6 cede lead to overall savings credit terms of cut carbon emissions and a greener footprint by 35%.
Oil & Gas from the KG – D6 project of Reliance Gas, the largest discovery credit recent times and another ready in the cap since Reliance Industries which is India’s largest and most successful private sector conglomerate marred only through the RIL RNRL gasoline Dispute.