ONGC wants expert to assess if RIL taking its gas in KG basin

Tags: Companies
State-owned Oil and Natural Gas Corp (ONGC) has written to the Oil Ministry seeking appointment of an international expert to assess if Reliance Industries Ltd was drawing out any of its gas in KG basin.

ONGC says four wells drilled by RIL in the eastern offshore KG-D6 blocks are within "few hundred metres" of its gas field and it fears the two may be sharing the same pool of reservoir.

"We had raised that issue last year... Some data on over-lapping has been exchanged but things have stopped and so we have appraised the ministry about the status," ONGC Director (Exploration) N K Verma told reporters here.

ONGC, which is yet to start producing from its portion of the gas field, fears RIL may have drawn some of its gas.

RIL's wells — D6-A5, D6-A9 and D6-B8, ONGC feels may be drawing gas from its gas pools called G4-2, G4-3 and D-1.

"As these pools are extending across both the blocks, there is possibility that pools of RIL and G4 are being drained through wells drilled in KG-D6," he said.

Based on data provided by RIL, ONGC feels discoveries in two of its deep-sea blocks probably extend into RIL's block.

Verma said ONGC after studying data is confident that the two blocks have the same pool and as per established international practices the same should be apportioned between them.

"It (the issue) can be resolved... A third party international expert may be required to be appointed to study the data of the two fields," he said.

ONGC says RIL is seeking additional data and clarification and "somehow not willing to accept that the fields overlap."

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The survey paints an optimistic future, but sees little scope for a bang

    The Economic Survey, which comes out a day before the Union budget, is widely regarded as its forerunner, an indicator of things to come 24 hours late

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schoettli

The hidden attractions of Japan

We live in the Asian century. During the past two ...

Zehra Naqvi

Star power

Being a part of the generation that gorged on Shah ...

Bubbles Sabharwal

The waking moment decides the day

There was a little girl/ Who had a little curl/ ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture