Krishna Godavari Basin
Krishna-Godavari Basin is a peri-cratonic passive margin basin in India. It is spread across more than 50,000 square kilometres in the Krishna River and Godavari River basins in Andhra Pradesh. The site is known for the D-6 block where Reliance Industries discovered the biggest natural gas reserves in India in 2002. It was also the world's largest gas discovery of 2002.
It was in 1983 that Gas was first struck in Rajole Well No.1 when ONGC had a small office in Rajahmundry and Narsapur that was headed by Iqbal Farooqi. Since that discovery there had been no looking back. Reliance and others are late players in that area.
- 14 trillion cubic feet of gas by Reliance Industries in KG-DWN-98/l (KG-D6) in 2002. 6000 feet below the sea floor.
- 20 trillion cubic feet (5.7×1011 m3)cubic feet of gas by Gujarat State Petroleum Corporation in June 2005.
- 20 trillion cubic feet (5.7×1011 m3) of gas at D-3 and D-9 blocks by Reliance Industries in May 2011.
- 10 trillion cubic feet (2.8×1011 m3) of gas by ONGC in June 2009.
KG-DWN-98/1 (KG-D6) - 8100sq km. The total project is expected to cost $100 billion. 50 km off the coast of Kakinada. The government on Wednesday asked Mukesh Ambani-led Reliance Industries Ltd (RIL) to give up 81 per cent of its KG-D6 gas block, including five discoveries, as the time allocated for producing from them had expired.I think the notice (for relinquishment) has gone. If it hasn't yet gone, it will go today. We plan to send them the notice today," Oil Minister M Veerappa Moily said.The Oil Ministry wants Reliance and its partners BP Plc of UK and Canada's Niko Resources to give up 6,198.88 square kilometres out of a total 7,645 sq km area in KG-D6 block, by retaining only the portions where regulator DGH-recognised discoveries have been made.The area sought is more than the 5,367 sq km area that Reliance had offered to relinquish and includes five discoveries - D4, D7, D8, D16 and D23 for which the Directorate General of Hydrocarbon (DGH) had opined that the company missed deadlines for submission of investment plans.We discussed the issue threadbare and after analysing it have reached to this conclusion that they (RIL) need to relinquish certain area as per the Production Sharing Contract (PSC)," he said. "We have followed a transparent process where we gave them due opportunity to present their case."The five discoveries hold 0.805 trillion cubic feet of reserves, or about one-fourth of the restated reserves in the currently producing Dhirubhai-1 and 3 (D1&D3) fields in KG-D6 block, and are worth $10 billion at current imported cost of gas.Also, the Oil Ministry will be moving Cabinet soon to deny the new $8.4 per million British thermal unit price for gas from D1&D3. This would be done on the grounds that fall in output to 10 million standard cubic metres per day from 54 mmscmd achieved in March 2010, instead of rising to projected 80 mmscmd, was due to RIL's failure to drill the requisite number of wells."The gas pricing note to the Cabinet will go shortly," he said.Reliance Industries will be allowed the new price only if its arguments of geological complexities being responsible for the fall in production are proved. This is the second penalty that is being sought to be imposed on RIL. The ministry has already moved to deny $1.8 billion of its cost for the same reasons.The ministry has, however, not indicated how it will compensate RIL for the period when it is forced to sell gas at $4.2 rate if it is proved at a later date that the company had not deliberately suppressed the output.Officials said the 1,4462.12 km2 area that the ministry is allowing RIL to retain includes the currently producing D1 and D3 gas fields and D26 (MA) oil and gas field.Besides, a cluster of four satellite fields (D2, D6, D19 and D22) and two other significant discoveries (D42 and D34) for which investment plans have already been approved, are also being allowed to be retained by RIL.The area allowed to be retained also includes three yet-to-be-confirmed discoveries of D29, D30 and D31 with 0.345 Tcf of reserves, as Mr Moily felt DGH had been unfair in denying their.
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- Reliance gas-find 40 times bigger than Bombay High
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- "Reliance gas-find 40 times bigger than Bombay High". rediff.com. 2002-10-31. Retrieved 2010-08-14.
- Record gas discovery in India could hit projects
- RIL strikes 2 more gas reserves in KG basin
- ONGC scores hat-trick on gas discoveries
- Oil cos stumble on Olive Ridley ground
- "Specifications: KG-DWN-98/1 (KG-D6), Bay of Bengal". Offshore Technology. Retrieved 2010-08-14.
- "Reliance completes one year of gas production in KG Basin". Chillx.info. 2010-04-02. Retrieved 2010-08-14.