Reliance to drill up to five wells by March 2014

Vol 16, PW 22 (30 May 13) Exploration & Production
     

Buoyed by a "significant" gas discovery at well MJ-1 at its KG-D6 block, Mukesh Ambani-controlled Reliance and partners BP and Niko are charging ahead with a five-well deepwater drilling programme.

PETROWATCH learns Reliance aims to drill five exploration, appraisal or development wells by March 31, 2014 at its oil and gas blocks. “Reliance is working on four or five locations,” says a source.

“They could become firm prospects to be drilled within the current financial year.” Reliance, he adds, scheduled meetings with DGH and oil ministry officials on May 28, 29 and 30 to finalise the future drilling programme.

On May 22, representatives from EPC contractor Technip, GE and other service providers were seen queuing at the reception of Reliance’s office at Kopar Khairane in Mumbai for meetings. “Reliance is in a hurry,” a contractor tells this report.

“They told us to send in quotations for drilling consumables and well completion equipment as early as possible.” Reliance, he adds, is telling long lead item suppliers to reduce delivery times from eight to two months.

"Reliance says it is ready to pay premium rates if vendors can speed up deliveries,” we hear. Besides the five planned wells this fiscal, Reliance must also drill up to eight development wells in satellite areas 100-km north of the producing D1 and D3 fields at KG-DWN-98/3.

Reliance also plans six development wells at the R-Series gas discoveries which lie 60-km south of D1 and D3. Reliance and partners BP and Niko announced a gas and condensate discovery at MJ-1 on May 24.

LNG Summit