RIL to step up oil output

RIL to step up oil output


Mumbai: Reliance Industries Limited (RIL) would increase the crude production from the prolific KG-D6 block to 20,000 barrels a day by Diwali, even as its gas output has been delayed till the first quarter of 2009.

“The first cargo of oil would go to Hindustan Petroleum’s Vizag refinery and the crude was benchmarked on Papis and Nigeria bonny light," an RIL official said. At the rate of 20,000 barrels a day, the total crude output would amount to one million tonnes a year.

The gas production would now start from the first quarter of 2009, instead of the second half of this year.