BP (NYSE: BP) and Reliance Industries Limited (NSE: Reliance) announced Friday the start of production from the R Cluster ultra deepwater gas field, which is located in block KG D6 off the east coast of India.
Situated at a water depth of greater than 2,000 meters, R Cluster is the deepest offshore gas field in Asia. The field is expected to reach plateau gas production of about 12.9 million standard cubic meters per day in 2021.
BP and RIL are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet around 15 percent of India’s gas demand by 2023. The projects will utilize the existing hub infrastructure in the KG D6 block.
“This start-up is another example of the possibility of our partnership with Reliance, bringing the best of both companies to help meet India’s rapidly expanding energy needs,” BP Chief Executive Bernard Looney said in a company statement.
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