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Reliance, Niko start production at MA oil field off eastern India

10/13/2008
Reliance Industries Ltd., Mumbai, and Niko Resources Ltd., Calgary, began a new chapter in India’s hydrocarbon production with the startup of MA oil field in the Krishna-Godavari basin in the Bay of Bengal.Crude oil output began on Sept. 17, 2008, at the early rate of about 5,000 b/d of 42° gravity crude. The field, in 8,000 ft of water on the KG-D6 block 50 km off Kakinada, is expected to reach target peak production of 40,000 b/d of oil in a few months.Exploration on the 7,645 sq km D6 block is far from complete, however, and further exploratory drilling is planned in Niko Resources’ 2009 fiscal year that began Apr. 1, 2008.Development of giant Dhirubhai 1 and 3 gas fields o...
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