MUMBAI, APRIL 26 : Reliance Industries  Limited (RIL) and and BP on April 26 announced the commencement of production from the Satellite Cluster gas field in block KG D6, situated off India's eastern coast.

Both have been developing three deep-water gas developments in block KG D6 - 'R Cluster, Satellite Cluster and MJ' - which together are expected to produce around 30 mmscmd (1 billion cubic feet a day) of natural gas by 2023, meeting up to 15 per cent of India's gas demand.

The company said the field is located about 60 km from the existing onshore terminal at Kakinada, Andhra Pradesh in water depths of up to 1,850 meters.

"The developments will each utilize the existing hub infrastructure in the KG D6 block. RIL is the operator of the block with a 66.67 percent participating interest and bp holds a 33.33 percent participating interest." "The 'Satellite Cluster' is the second of the three developments to come onstream, following the start-up of 'R Cluster' in December 2020. It had originally been scheduled to start production in mid-2021."

"The field will produce gas from four reservoirs utilising a total of five wells and is expected to reach gas production of up to 6 mmscmd. Together, the 'R Cluster' and 'Satellite Cluster' are expected to contribute to about 20 percent of India's current gas production." "The third KG D6 development, 'MJ', is expected to come onstream towards the latter half of 2022."

HCL Technologies to move workloads from India to deal with Covid-19 surge

Pandemic fruit: Foreign portfolio investors draw out Rs 7622-Cr thus far in April

Credit growth slowed to 59-year low of 5.56 pc amid Govt’s credit-driven stimulus: SBI Research