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Floating manufacturing storage and offloading (FPSO) vessel Ruby, set to Reliance Industries’ MJ deep-water oil and fuel growth venture in KG-D6 block offshore India, has set sail from South Korea.
The chief govt officer of Reliance’s associate within the venture BP Bernard Looney mentioned on LinkedIn that “Ruby has simply set sail for the 5000-km journey from South Korea to Kakinada, India the place she’ll assist ramp up home fuel manufacturing,”
“I’ve been on this business for a lot of (many) years however the sheer measurement and engineering genius of vessels like this nonetheless amazes me. A giant due to the groups at bp and Reliance Industries Restricted, for making this occur safely and effectively,” Looney added.
As for MJ, it’s the third and final of a set of discoveries that Reliance and its associate BP are creating within the jap offshore block. The 2 will use a floating manufacturing system on the excessive sea within the Bay of Bengal to carry to manufacturing the deepest fuel discovery within the KG-D6 block.
The MJ-1 fuel discover is straight under the Dhirubhai-1 and three fields – the primary and the most important fields in KG-D6 block. MJ-1 is estimated to carry a minimal of 0.988 trillion cubic toes (Tcf) of contingent assets. The sphere additionally has oil deposits which might be produced utilizing an FPSO.
The Ruby was constructed by South Korea’s Samsung Heavy Industries, with the engineering, procurement, building, and set up contract awarded in 2019. The double-hulled vessel has a crude manufacturing capability of 60,000 barrels per day and about 12.7 million cubic meters per day of fuel.
Reliance and BP are spending round $5 billion on the additional growth of KG-D6 by way of three totally different initiatives in block KG-D6 – R Cluster, Satellite tv for pc Cluster, and MJ – which collectively are anticipated to provide round 30 million commonplace cubic meters per day of pure fuel by 2023.
R-Cluster began manufacturing in December 2020 and the Satellite tv for pc Cluster got here onstream in April final yr. MJ is predicted to come back on stream earlier than the tip of the yr. Whereas the R-Cluster has a plateau fuel manufacturing of about 12.9 mmscmd, the Satellite tv for pc Cluster can have a peak output of 6 mmscmd.
Reliance has up to now made 19 fuel discoveries within the KG-D6 block. Of those, D-1 and D-3 – the most important two – have been introduced into manufacturing in April 2009, and MA, the one oilfield within the block, was put into manufacturing in September 2008.
In a response to Looney’s put up, Sashi Mukundan, BP India head, mentioned: “It’s certainly an enormous achievement for the JV, and we won’t solely improve fuel manufacturing for the folks of India, however we can even assist the nation save near $10 billion in import prices! On full operations, we can be near 30 % of India’s fuel manufacturing. It is a really proud second for me and my prolonged Reliance-BP crew in India.”
To contact the creator, e-mail bojan.lepic@rigzone.com
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