Reliance to pump oil in Sept, gas in Oct-sources

Wed Aug 13, 2008 6:08am EDT
 
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NEW DELHI, Aug 13 (Reuters) - India's Reliance Industries (RELI.BO) aims to pump gas from its east coast block from October and oil from September, slightly later than expected but within a broad target of the second half of 2008, company sources said.

Work at the deep-sea fields was interrupted in May when the government banned the use of all vessels more than 25 years old in Indian waters. It later exempted those used for oil and gas exploration.

The late arrival of the floating production, storage and offloading (FPSO) platform supplied by Aker Floating Production (AKFP.OL) has also hit the schedule, officials said.

"We were targetting oil from this month and gas from September, but there is a slight change now because of delay in getting FPSO, and we withdrew two vessels from operations for about two weeks after the new shipping ministry order," said a Reliance official, who did not wish to be identified.

A Reliance spokesman could not be reached for comments. (Reporting by Nidhi Verma, Editing by Mark Williams)

 
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