Reddy promises clearances of 4 RIL proposals

July 17, 2012 20:46

The representatives of the Reliance Industries Limited and BP PMS Prasad and Sashi Mukundan met Minister of Petroleum and Natural Gas Jaipal Reddy on July 13 and represented for speedy clearances in four of the blocks being operated by their Companies.

It was agreed at the meeting to recommend to the competent authority on two issues namely the Declaration of Commerciality of certain wells.

Company representatives were told that the ministry would consider extension of appraisal period to facilitate the declaration of commerciality at an early date.

It was also agreed that quicker approvals for two blocks in the Cauvery Basin as per the extant government policy would be given.

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