Medilytix Bureau: Reliance-BP CEO Bernard Looney informed that Ruby, a floating production storage and offloading vessel destined for Reliance Industries Ltd NSE 0.93 %’s MJ deep-water oil and gas development project in KG-D6 block, has set sail NSE 2.02 % from South Korea.

MJ is the third and last of a set of discoveries that Reliance and its partner BP of UK are developing in the eastern offshore block. The two will use a floating production system at high-sea in the Bay of Bengal to bring to production the deepest gas discovery in the KG-D6 block.
Ruby’ has just set sail for the 5000-km journey from South Korea to Kakinada, India where she’ll help ramp up domestic gas production.
I’ve been in this industry for many (many) years but the sheer size and engineering genius of vessels like this still amazes me. A big thanks to the teams at bp and Reliance Industries Limited, for making this happen safely and efficiently,” Looney wrote in a LinkedIn post.
The MJ-1 gas find is located about 2,000 metres directly below the Dhirubhai-1 and 3 (D1 and D3) fields — the first and the largest fields in KG-D6 block. MJ-1 is estimated to hold a minimum of 0.988 Trillion cubic feet (Tcf) of contingent resources. The field also has oil deposits which would be produced using a floating system, called FPSO.
It is indeed a big achievement for the JV and we will not only increase gas production for the people of India, we will help the nation save close to USD 10 billion in import costs!
On full operations we will be close to 30 per cent of India’s gas production. This is a true proud moment for me and my extended RIL-bp team in India,” Sashi Mukundan, bp India head, said replying to Looney’s post.

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