NEW DELHI: A Parliamentary panel has asked oil ministry and DGH to closely monitor Reliance Industries’ flagging KG-D6 gas fields saying any production decline should be supported by proper evaluation.
RIL’s KG-D6 fields have seen output drop by about 45% to less than 34 million standard cubic meters per day in the past two years.
The Standing Committee on Petroleum and Natural Gas in its report on Demands for Grants for the ministry, stated that the production from KG-D6 fields should be in line with the target set.
The current production is less than half of the output estimated for this time of the year in RIL’s $8.8 billion investment plan for the block. “Any decline in natural gas production… should be supported by proper evaluation,” the panel said in its report tabled in Parliament on Monday.
The oil ministry and its technical arm, the Directorate General of Hydrocarbons (DGH) “should monitor these fields closely and take all steps that are required to maintain and increase the production of natural gas from these fields and make them available for the nation’s requirement,” it added.