Reliance : FPSO on MA field
December 20, 2007
In May 2007, Aker Floating Production entered into a contract in excess of USD 750 million contract with Reliance for chartering of the Aker Smart 1 FPSO. The new contract with Aker Borgestad Operations expands the initial scope of work with Reliance to cover FPSO operations and maintenance. Under the contract, Aker Borgestad Operations will be in charge of both technical operations and FPSO operations for the production of oil, gas, and condensate from the MA field.
Aker Smart 1 will be deployed at the MA field, which is located at water depths of 1,000-1,400 meters, some 60 kilometers offshore eastern India. Production start-up will take place in two phases: oil production is scheduled for April 2008, and gas production will begin in the fall of 2008.
Word of Advice:
One more boost to the booming bootomline of RIL, this along with the likely production of Gas from KG basin in April- June 08 will boost the RIL revenue in the years to come.
Source : Oil & Gas
Entry Filed under: Market, Oil & Gas, Reliance. Tags: East Coast India, KG Basin, MA field, NELP, Reliance.
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1. Oil & Gas Market, India « Ocean of LIFE! | May 27, 2008 at 2:38 pm
[...] plan includes production through a floating production storage & offloading (FPSO) platform (see also : FPSO on MA Field ) The field’s peak oil production is estimated at 40,000 BOPD and an estimated gas of 240-350 [...]
2. RIL to start crude production from KG basin next month « Ocean of LIFE! | August 18, 2008 at 12:50 pm
[...] The MA Fields in the D-6 block in the KG basin will produce about 40,000 barrels a day. The crude evacuated through pipeline grid set up will be shipped through tankers to refineries, according to RIL officials. [...]