Govt not satisfied with RIL's explanation over KG-D6 - Economic Times

NEW DELHI: The government is not satisfied with Reliance Industries' explanation for a sharp fall in gas output from the KG-D6 field , director general of hydrocarbon SK Srivastava said.

Visit http://geicoinsuranceproducts.wordpress.com/ for GEICO Insurance Products News / Reviews.

The RIL-operated block is currently producing about 50 million standard cubic meters per day (mmscmd) gas, well short of 69.8 mmscmd as per the government approved plan. The block has three producing fields D-1 and D-3 gas fields and MA, which produces both oil and gas. The RIL-operated block is currently producing about 50 million standard cubic meters per day (mmscmd) gas, well short of 69.8 mmscmd as per the government approved plan. The block has three producing fields D-1 and D-3 gas fields and MA, which produces both oil and gas. "They have not been able to give very satisfactory reasons (for a decline in the output)," Srivastava told reporters after a review meeting called by the petroleum secretary to assess the continued fall in gas production from KG-D6 block.

Govt not satisfied with RIL's explanation over KG-D6 - Economic Times