On September 10, 2015, Justice R.S. Endlaw of Delhi High Court directed the central government to take a decision, within a period of six months of receiving the report of an expert panel set up on the dispute between the Oil and Natural Gas Corp (ONGC) and Reliance Industries (RIL) over their Krishna Godavari basin gas fields being interconnected. It is noteworthy that ONGC claims that three wells drilled by RIL on the boundary of the KG-D6 block are within a few hundred meters of its own gas fields, while RIL disputes this. Both companies have presented data in support of their claims.
According to ONGC, gas discoveries in its G4 and KG-DWN-98/2 (KG-D5) blocks in the eastern offshore, extend into RIL’s KG-DWN-98/3 or KG-D6 block. It had moved Delhi high court alleging that RIL has extracted gas upto 18 billion cubic meters from ONGC blocks resulting in loss of several thousand crores of rupees.
Delhi High Court disposed of the plea of ONGC asking the central government to take a decision while asking all the parties involved in the matter to cooperate with the independent international expert agency, DeGolyer & MacNaughton. [IANS]
