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KG basin gas fields issue hangs fire

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scalesBy NewsGram Staff Writer

New Delhi: The central government is to take a decision within six months of receiving the expert panel report on the dispute between state-run Oil and Natural Gas Corp (ONGC) and Reliance Industries (RIL) over the interconnected gas fields in the Krishna Godavari basin, the Delhi High Court directed on Thursday.

The ONGC plea asking the central government to take a decision was disposed of by Justice R.S. Endlaw while asking all the parties involved in the matter to cooperate with the independent international expert agency, DeGolyer & MacNaughton.

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. As a result, it had moved to the high court alleging RIL on grounds of extracting gas upto 18 billion cubic meters from its blocks resulting in loss of several thousand crores of rupees.

ONGC has further claimed that three wells drilled by RIL on the boundary of the KG-D6 block are within a few hundred meters of its gas fields, while RIL vehemently disputes this. Both companies have presented data in support of their claims.

Now, the detailed report is being prepared in this regard for the decision to be taken.

 

(With inputs from IANS)

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Jammu Engineer Rahul Jarngal scales Mount Everest

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Rahul Jarngal along with three other members of an ONGC team scaled the world’s highest peak.

Jammu, May 29, 2017: Rahul Jarngal, an engineer belonging to Jammu and Kashmir’s Kathua district, has scaled the Mount Everest.

Jarngal belongs to the border village of Gurabeldaran in Hira Nagar and is an engineer with the Oil and Natural Gas Corporation Ltd (ONGC).

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On May 27, he along with three other members of an ONGC team scaled the world’s highest peak (8,848 ft) under the guidance of Loveraj Singh of the Border Security Force.

Singh represents the Indian Mountaineering Federation.

The expedition was flagged off by Minister of State for Petroleum and Natural Gas Dharmendra Pradhan on March 27.

The team had left Kathmandu for the summit on April 4, sources said.

(IANS)

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