Reliance halts oil production to help add wells, raise output

Reliance halts oil production to help add wells, raise output
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First Published: Mon, Mar 30 2009. 03 12 PM IST
Updated: Mon, Mar 30 2009. 03 12 PM IST
New Delhi: Reliance Industries Ltd has temporarily stopped crude oil production from its east coast block from 22 March to help start more wells and raise output, a company spokesman said on Monday.
He did not give details, but a company source said Reliance aimed to add three production wells and an injection well during the month-long shutdown to raise the output to 40,000 barrels per day (bpd).
Before the shutdown, Reliance was producing about 18,000 bpd from three wells, he said.
Reliance began oil production from MA-1 field in the Krishna Godavari block in mid-September.
It was producing about 10,000 bpd of oil from two wells before it had shut its floating production, storage and offloading (FPSO) system for nearly three months from December.
Reliance owns 90% of the D-6 block, while Canada’s Niko Resources has the rest.
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First Published: Mon, Mar 30 2009. 03 12 PM IST