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KG-D6 basin News

02 Jun 2015

RIL to produce 23 mmscmd from gas finds in KG-D6: Oil Ministry

The Ministry said 10 mmscmd gas will come from four satellite fields of D-2, D-6, D-19 and D-22 in the eastern offshore Krishna Godavari basin block KG-D6 and another 13 mmscmd from D-34 discovery.

Oil and Natural Gas Corporation

29 Apr 2015

ONGC strikes 'significant' oil, gas in KG basin

State-owned Oil and Natural Gas Corp (ONGC) Wednesday said it has made another significant oil and gas discovery in its Krishna Godavari basin deepwater block KG-D5, which sits next to Reliance Industries' flaging KG-D6 area.

26 Dec 2014

RIL seeks immediate start of KG-D6 cost recovery arbitration

With its KG-D6 cost recovery arbitration stuck for three years, Reliance Industries has sought immediate start of the proceedings for early resolution of the dispute.

28 Nov 2014

CAG wants $357.16 mn of RIL's KG-D6 cost disallowed

The CAG found irregular payment of USD 427.48 million to contractors, of which it sought disallowance of at least USD 77.36 million cost.

23 Sep 2014

RIL gas output from KG-D6 likely to improve: UBS

UBS said it expects RIL's "core petrochemical, refining and domestic exploration and production businesses to improve over the next two years".

03 Sep 2014

ONGC-RIL gas dispute: HC intervention sought

An activist lawyer and a former bureaucrat Wednesday moved the Delhi High Court seeking its intervention in ONGC's petition accusing Reliance Industries Ltd (RIL) of exploiting gas worth Rs 30,000 crore from the PSU's natural gas block in Krishna-Godavri basin.

07 Aug 2014

RIL marked all correspondence with Oil Min, DGH

Reliance Industries had marked all copies of its correspondence with the Supreme Court-appointed Tribunal on KG-D6 cost recovery issue to the Oil Ministry and its technical arm DGH.

03 Aug 2014

DGH rejects ONGC's three KG gas discoveries

Sources said the ministry feels that taking away the discoveries and rebidding the finds may lead to delay in development. Also, the move may attract legal challenge.

14 Jul 2014

Govt slaps $579 mn additional penalty on RIL

With this, the total penalty on RIL for missing the target in four fiscal years beginning April 1, 2010 now stands at a cumulative USD 2.376 billion.

14 Jul 2014

Government slaps $579 mn additional penalty on RIL

The total penalty now stands at USD 2.37 billion. The penalty in the form of disallowing costs incurred on the field is for missing the target in 2013-14.

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