02-04-09 Reliance Industries Ltd. (RIL) has proposed to invest $ 5.91 bn (about Rs 29,800 crore) in developing nine more discoveries in its prolific eastern offshore KG-D6 block, oil regulator DGH has said.
"The development covering 9 satellite discoveries was submitted to the Management Committee (by RIL) in July 2008... we have yet to take a view," Directorate General of Hydrocarbons Director General V.K. Sibal said.

The discoveries are proposed to be tied-up with Dhirubhai-1 and -3 finds, which began gas production. RIL and its Canadian partner Niko Resources are investing $ 8.836 bn in producing 80 mm cmpd of peak output from Dhirubhai-1 and -3, the first two of the 18 gas discoveries in the KG-DWN-98/3 or KG-D6 block.
"There has been a global downturn but we will decide on the development plan in due course," he said. The field development plan (FDP) for the nine satellite discoveries envisages first gas production from the 2.2 tcf of reserves in 2013.

RIL has submitted a development planfor Dhirubhai 2, 4, 6, 7, 8, 16, 19, 22 and 23 discoveries. Five other discoveries are under appraisal, which typically lasts about three years.
Dhirubhai 1 and 3 are estimated to hold 10.03 tcf of reserves and the whole of the KG-D6 block about 40 tcf.