RIL, BP offer $5 billion to hike KG D6 gas output

Reliance Industries Ltd., BP PLC, and Niko Resources Ltd. have outlined $5 billion in development and exploratory work to the Indian government to hike gas production on the deepwater KG D6 block off the country's eastern coast. RIL as operator is responding to pressure from India's Ministry of Petroleum and Natural Gas to drill more wells on the block because production fallen below projections made in the production sharing contract. The operator blames the underperformance on reservoir complications. The newly proposed projects, which require government approval, involve developing 4 tcf of discovered gas and exploring for more. By the end of 2012, fields in the D6 block had produced 2...

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