Govt says no to fresh evaluation of whether RIL hoarded KG-D6 gas

Oct 22 2013, 08:27 IST
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The KG-D6 field is the only significant deep-water producing asset in the country. (Reuters) The KG-D6 field is the only significant deep-water producing asset in the country. (Reuters)
SummaryDGH had appointed international reservoir expert in 2011 to review performance at KG-D6.

ministry will soon move a Cabinet note seeking to prevent RIL from charging a higher price until it can be ascertained that the deficit was the because of geological reasons.

RIL officials state that Indian consultants do not have the expertise to study deep-water blocks like the KG-D6 as the country has little experience in producing from such challenging terrain. The KG-D6 field is the only significant deep-water producing asset in the country.

“If the government is citing the PSC to say that no international expert can be appointed to verify reasons for fall in KG-D6 output, then how was the one-man reservoir expert Gopalakrishnan appointed by DGH and on whose recommendations were RIL and BP being penalised?” asked an RIL official.

A KG-D6 block oversight panel headed by the DGH had earlier refused to take a view on appointing renowned reservoir consultants Ryder Scott, DeGolyer and MacNaughton, Gaffney, Cline & Associates or Netherland, Sewell & Associates to validate reasons for the fall in gas output.

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