Justice Shah will consider the D&M report and recommend action to be taken by government.
ONGC
New Delhi: The petroleum ministry has set up a one man committee of Justice (retd.) A.P. Shah to look into “acts of omission and commission” over allegations that Rs 11,000 crore gas had migrated from Krishna-Godavari fields of ONGC to adjoining KG-D6 block of Reliance Industries Ltd. The committee will submit its report in three months.
According to reports, DeGolyer and MacNaughton (D&M), had in its November 30 report established that reservoirs in ONGC’s Krishna Godavari basin KG-DWN-98/2 (KG-D5) and the Godavari-PML are connected with Dhirubhai-1 and 3 (D1 & D3) field located in the KG-DWN-98/3 (KG-D6) Block of RIL.
Justice Shah will consider the D&M report and recommend action to be taken by government. Justice Shah will quantify the unfair enrichment, if any, to the contractors (RIL) of KG D6 and measures to prevent future unfair enrichment to these contractors in account of gas migration. He will recommend action to be taken to make good the loss to ONGC.
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( Source : deccan chronicle )
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