Reliance Industries Ltd (RIL) will start natural gas production from MJ field - the third and the last set of discoveries that the firm is developing in the eastern offshore KG-D6 block - in the last quarter of 2022 to raise overall output by about two-thirds. The company is expected to produce natural gas from the MJ field of the KG D6 block by the third quarter (October-December) of next fiscal.  Reliance in its investor presentation, said that the first offshore installation campaign has been completed and the second offshore installation campaign will commence in November 2021.

Regarding the performance of the oil and gas of the company, the presentation said that a significant turnaround in oil and gas business was witnessed with start-up of new production system in KG D6. The Q1FY22 domestic production (RIL share) stood at 35.83 Billions of cubic feet equivalent  (BCFE), almost at par with FY20 levels and the revenue was at 10-quarter high.

Reliance added that three rounds of bidding have been completed for KG D6 gas and 18 Million Metric Standard Cubic Meter per Day of gas have been successfully contracted in domestic market.

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