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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 / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices