Sunday, March 9, 2014

Reliance pumped out gas from a reservoir belonging to ONGC in Krishna-Godavari Basin

Reliance pumped out gas from a reservoir belonging to ONGC in Krishna-Godavari Basin
Clarification by ONGC : ONGC has written to the Ministry of Petroleum and Natural Gas last year requesting for a data-sharing with ONGC to study and evaluate the possibility of a reservoir continuity in the prospective area. Under PSC, DGH has role to play in such situations. However, ONGC was asked to resolve the issue independently with RIL, in the first instance.
Director (Exploration) Mr. N K Verma said in the 4th March Press Conference that some data on overlapping gas pools have been exchanged, but things need to progress from thereon. The recent communication from ONGC to the Ministry was to apprise the status to the administrative Ministry. Mr. Verma also clarified in the Conference that such cases happen in the global hydrocarbon industry and they take time to get resolved either mutually or with the intervention of third party experts.