Gaffney, Cline & Associates to be appointed to resolve ONGC-RIL
dispute
23/06/2014 13:29
Global independent consultant Gaffney, Cline & Associates (GCA) is likely to be appointed to verify state-owned ONGC's claims that gas from its Krishna Godavari fields may have flowed out of the neighbouring KG-D6 wells of Reliance Industries, reported PTI. RIL and Oil and Natural Gas Corp (ONGC) have shortlisted DeGolyer and MacNaughton (D&M) and GCA to decide if four wells drilled on the boundary of the KG-D6 block were drawing gas from the neighbouring discoveries of the state-owned firm, as per the media reports. "In all probability, GCA will be appointed," an ONGC official said. According to media reports, ONGC had on May 15 moved the Delhi High Court alleging that RIL may have drawn natural gas worth thousands of crores of rupees from its fields adjacent to the Mukesh Ambani-run firm's KG-D6 block in the Krishna Godavari basin. The official said the legal case will continue with ONGC seeking court-monitored assessment by the independent expert on whether its gas fields extend into RIL's KG-D6 block.
23/06/2014 13:29
Global independent consultant Gaffney, Cline & Associates (GCA) is likely to be appointed to verify state-owned ONGC's claims that gas from its Krishna Godavari fields may have flowed out of the neighbouring KG-D6 wells of Reliance Industries, reported PTI. RIL and Oil and Natural Gas Corp (ONGC) have shortlisted DeGolyer and MacNaughton (D&M) and GCA to decide if four wells drilled on the boundary of the KG-D6 block were drawing gas from the neighbouring discoveries of the state-owned firm, as per the media reports. "In all probability, GCA will be appointed," an ONGC official said. According to media reports, ONGC had on May 15 moved the Delhi High Court alleging that RIL may have drawn natural gas worth thousands of crores of rupees from its fields adjacent to the Mukesh Ambani-run firm's KG-D6 block in the Krishna Godavari basin. The official said the legal case will continue with ONGC seeking court-monitored assessment by the independent expert on whether its gas fields extend into RIL's KG-D6 block.
