ONGC moves court accusing RIL of exploiting gas from its block
May 15, 2014 15:10
PSU ONGC moves Delhi High Court accusing RIL of exploiting substantial gas from its natural gas block.
The issue has its roots in Reliance Industries wanting to transport gas from a new field in the KG-D6 block with a pipeline through ONGC's adjoining block, but the state-run firm was reluctant to allow this.
ONGC had earlier said that using RIL's infrastructure would speed up the development of its own field and cut costs by up to 40%, signaling bright prospects of cooperation between India's top two exploration firms.
But ONGC subsequently complained to the government last year that the two adjoining blocks may have a common reservoir, from which Reliance could potentially draw gas.
The issue has its roots in Reliance Industries wanting to transport gas from a new field in the KG-D6 block with a pipeline through ONGC's adjoining block, but the state-run firm was reluctant to allow this.
ONGC had earlier said that using RIL's infrastructure would speed up the development of its own field and cut costs by up to 40%, signaling bright prospects of cooperation between India's top two exploration firms.
But ONGC subsequently complained to the government last year that the two adjoining blocks may have a common reservoir, from which Reliance could potentially draw gas.
gas from a new field in the
KG-D6 block with a pipeline through ONGC's adjoining block, but the
state-run firm is reluctant to allow this, giving another twist to their
relationship a year after they agreed to look at prospects of sharing
infrastructure in the deep-sea region.
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