With a FPSO (Floating, Production, Storage and Offloading) vessel set to stream into Kakinada from Singapore shortly, Reliance Industries Ltd is preparing to extract crude from its Krishna Godavari basin wells by the second half of September. This will be the first deepwater well in the country to produce crude. The FPSO handled by Aker of Norway is being built at Jurong Shipyard, Singapore, and is being leased by RIL for a three-year period. The MA Fields in the D-6 block in the KG basin will produce about 40,000 barrels a day. After the FPSO moves to Kakinada shores from Singapore, within a couple of weeks they hope production to start from these wells. Initially, it could be about 15,000 barrels a day to be gradually increased to 40,000 barrels a day.
Wednesday, August 13, 2008
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