24 July 2013 -  Reliance Industries plans to invest US$6.5bn in its KG-D6 gas fields to boost gas output to 40-60 mcm/d (15-22 bcm/year) by 2019-2020. The gas fields located in the Krishna Godavari basin in the Bay of Bengal (India) started production in April 2009 and hit a peak in March 2010 at 69.43 mcm/d; since then, more than one third of the wells have been shut due to sand and water ingress, and the gas production has fallen to 14 mcm/d. Reliance plans to invest US$3.2bn in the R-Series discoveries in the block (to produce 20 mcm/d) and US$1.5bn in four satellite fields to produce 10 mcm/d. Another US$1.2bn is planned to be invested in other discoveries in the block and more than US$700m will be invested in rising production from the D1&D3 and MA fields. Reliance will also invest more than US$6.1bn as operating expenses.

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