reliance-Innovation for India Award Winn

Views:
 
     
 

Presentation Description

No description available.

Comments

Presentation Transcript

Reliance Industries Ltd. Deep Water Oil and gas exploration to production KG-D6 : 

Reliance Industries Ltd. Deep Water Oil and gas exploration to production KG-D6

Slide 2: 

Context: Demand for gas in India will surge at 9-10% annually. India pays a premium of ~75 $ per barrel oil equivalent for LNG. NAPHTA is 445 $ per tonne. Innovation: India’s first deep water, oil and gas exploration and production: Biggest discovery of natural gas in 2002, globally. Completed in 6.5 years time against global average 8 -10 years. At a depth of 2 km below the seabed. No one had gone below 90 mts. in India. Discovery and development cost was ~30% lower than global average. 24.2$ per barrel oil equivalent of gas Reliance Industries Ltd.: KG-D6

Slide 3: 

KG-D6 Block - Overview Challenges: No deep water oil and gas exploration in India. Absence of deepwater technology knowhow, vendors, contractors, skilled labour, in India. 4 months good weather: hostile ocean conditions – strong winds, swells, currents, cyclones scorching conditions 50 degrees C in summer heavy rains: double monsoon cycle. Reliance Industries Ltd.: KG-D6

Reliance Industries Ltd.: KG-D6 : 

Project Vision Statement The KG-D6 Project will ‘for sure’ set the benchmark for deepwater field development! Safety, Speed & Success Upgradable Reliable Environmentally Responsible Reliance Industries Ltd.: KG-D6

Slide 5: 

Conventional: Single Turnkey Provider: Long waitlists Global span of execution, 24 X 7 round the clock: Over 200 best in class consultants & service providers engaged in over 20 locations worldwide Reliance Industries Ltd.: KG-D6

Slide 6: 

Soil erosion effecting stability of equipment at the sea bed. Corrosion of equipment Current loads impacting equipment at sea bed. Flow assurance of fluids: conversion into crystalline solids called hydrates. Reliance Industries Ltd.: KG-D6

Slide 7: 

Extreme Engineering 125,000 MT Subsea Equipment 500 line km of pipelines & Umbilicals >200 subsea connections >80 installation Vessels & Barges Reliance Industries Ltd.: KG-D6

Reliance Industries Ltd.: KG-D6 : 

Reliance Industries Ltd.: KG-D6 Addition of 550,000 barrels of oil equivalent per day, i. e. 40 % of India’s current oil and gas production. Publication: Financial Express, Edition: Mumbai, Reporter: Sanjay Jog, Published.: 12 Jul 2009, The production of about 76 lakh tonnes of urea per year results in savings for the government of about Rs. 4000 crore per annum, an equivalent of 18% cost reduction! Substantial increase in government's revenue as a result of KG-D6 profit, petroleum royalty and tax. The potential savings to the economy of Rs.50,000 crore on energy imports will be about 20% of the current net oil import bill. The estimated 3rd quarter (2009-10) contribution to India’s GDP is almost 0.35%. Natural gas is also a cleaner fuel. Clean gas from KG-D6 can have an overall impact of lowering carbon emissions and building a greener footprint by 35%.

Slide 9: 

Congratulations Reliance Industries!

authorStream Live Help