Deep water exploration for oil and gas is a complex science and a risky business. It involves technology and extreme engineering of the kind that India has not seen before. It requires staggering amounts of risk capital. Exploration success rate is as low as one in ten and reservoir surprises can occur at any stage of development and production.
People without even a fleeting understanding of the sector have touched off a debate over the KG-D6 block to suggest that Reliance Industries is making windfall profits. This compilation is an attempt to inform the debate with facts so that rhetoric and illogic don’t drown out the serious issue of India’s energy security...
Renewable Energy & Entrepreneurship Workshop_21Feb2024.pdf
INDIA HAS NEVER BEEN HERE BEFORE | Facts You Didn't Know About KG-D6
1. FACTS YOU DIDN’T KNOW ABOUT KG-D6
here before
India has
Never been
S E R I E S
2. FACTS YOU DIDN’T KNOW ABOUT KG-D6
here before
India has
Never been
3. Deep water exploration for oil and gas is a
complex science and a risky business. It involves
technology and extreme engineering of the kind that
India has not seen before. It requires staggering
amounts of risk capital. Exploration success rate is as
low as one in ten and reservoir surprises can occur at
any stage of development and production.
People without even a fleeting understanding
of the sector have touched off a debate over the
KG-D6 block to suggest that Reliance Industries is
making windfall profits. This compilation is an
attempt to inform the debate with facts so that
rhetoric and illogic don’t drown out the serious issue
of India’s energy security.
Introduction
5. The D1-D3 fields in the KG-D6 block operated by
Reliance Industries is amongst the greenfield
deep water oil and gas development project
from notification of discovery to first
production. It was an engineering project of
the nature that India has before. The gas
reservoir was at least into the high seas,
below the surface and below sea the
bed. It used of subsea
equipment, 60 km of subsea pipelines--the longest ever
built in India and 2500 line-km of pipelines and
installation vessels. Design and construction
innovations were used to redefine internationally
accepted for such projects. RIL took just
to start production (from the
date of discovery) against the average of
It put India on the global map of extreme
engineering attracting approbation from industry
peers, domestic and international.
fastest
in the
world
extreme
never seen
50 km one
km two km
110,000 million tonnes
80
timelines
six and a half years
world ten
years.
—
Temple of modern India….
engineering marvel
S K Srivastava, Director General, DGH, Dec 8, 2012
DHIRUBHAI-1: The Floating
Production, Storage & Offloading
(FPSO) facility with capability of oil
and gas processing, oil and
condensate storage, offshore
offloading and gas evacuation to the
onshore terminal.
S E R I E S
3
28. RIL is India's first,
and thus far only,
deep water gas
producer
No other company, public
or private, has started
production 14 years after
first NELP auctions.
2.32trillion
cubic feet.
Gas
produced
RIL since2009.by
75%
Domestic gas
produced by PSUs.
RIL's share is only
15percent.
`16,000crore.
ONGC'srevenue increase
gas price hike.
RIL only
`2,400 crore.
FLAME
FACTSIt’s easy to throw
numbers to hide facts,
such as the alleged
`54,000 profit per year
to RIL. Some
real figures.
due to
29. 33$ billion.
The foreign reserves
savedin import
substitution.
`54,000crore.
The alleged windfall
profit for
RIL is an absurd
miscalculation
floated deliberately to
distort gas pricing discourse.
`1,20,000crore.
Lossto the nation
if gas production not
made viable,
increasing import
dependence.
*$16 Price RIL pays
for importing LNG.
$4.2MMBtu, price
it sells KG-D6gas
for! Govt determines the
end user of KG-D6 gas.
100% Every cubic feet
of the **2.279trillion cubic feet of
gas produced under
NELP is from RIL.
No other producer
in 14 years of NELP.
$400 billion.
Worth of 27 TCF of
discovered gas
awaiting
for development and
investments
production. Critical for
India's energy security.
*Price can vary from time to time
**Till Dec. 2013
33. S E R I E S
The off-loading hose on
reel under the heli-deck.
This hose is used to
transfer oil to cargo ships.
It has adequate buoyancy
to avoid submergence
even if full of oil.
31
44. Bird’s eye view of the
helideck, pipe deck and
accommodation from
the Derrick.