Reliance Industries has reportedly shut its eighth well on the main gas fields in KG-D6 block, leading to output plummeting to all time low of 20.88 mmscmd.
Reports said that RIL shut the well B6 on the main producing fields of Dhiburbhai-1 and 3 (D1&D3) in Krishna Godavari basin KG-D6 block "due to water loading,".
The latest shutting led to the output slipping from D1&D3 to 16.98 million standard cubic meters per day during the week ended January 13, the report said.
The output has fallen from 22.04 mmscmd in December end, when D1&D3 produced 17.66 mmscmd and MA 4.38 mmscmd.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.