MONEY TREE

Reliance Industries Ltd (RIL) and BP on December 18 announced the start of production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India.
R Cluster, located about 60 km from the existing KG D6 Control & Riser Platform (CRP) off the Kakinada coast, is the first of the three deep-water gas projects in block KG D6 being developed by RIL and BP to come onstream.

The other two projects are: Satellites Cluster and MJ. The three projects together are expected to meet nearly 15 percent of India's gas demand by 2023, the companies said in a joint statement.

Located at a water depth of greater than 2,000 meters, it is the deepest offshore gas field in Asia and it is expected to reach plateau gas production of about 12.9 million standard cubic meters per day (mmscmd) in 2021.