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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 News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.