Oil and Gas Sector – HELP, Open Acreage Policy, etc.

Shah panel indicts RIL in KG basin case

  1. Justice A.P. Shah committee: Probed a dispute between state-run Oil and Natural Gas Corp. Ltd (ONGC) and Reliance Industries Ltd (RIL)
  2. Dispute: Pertained to the flow of gas between the adjacent fields of ONGC and RIL in the Krishna-Godavari (KG) basin
  3. Finding: The unfair enrichment in RIL’s KG D6 field came because RIL retained the gains of the gas which flowed into its field from adjacent fields of ONGC
  4. The report accused both ONGC and RIL of not bringing to the notice of the regulator, the Director General of Hydrocarbons, information they had about how their fields were connected
  5. ONGC took action six years after it came to know about gas from its field flowing into RIL’s field

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