Management Committee likely to resolve issue of RIL-BP's D6 block

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Management Committee, the apex decision-making body for oil and gas blocks is likely to resolve the controversial issue of RIL-BP's D6 block by deciding on how much of the area in the gas-rich block should the operator surrender.

"The directorate general of hydrocarbons (DGH) wants RIL to relinquish 6,601 sq km out of the total contract area of 7,645 sq km, which includes some discoveries, which Reliance thinks are commercially viable and does not want to surrender," government and industry officials told media.

The production sharing contract favours to resolve the issue in the management committee which is chaired by the director general of hydrocarbon.

Earlier, DGH has proposed that RIL should be allowed to retain only that area which is currently producing D1and D3 gas fields and MA oilfield besides a cluster of four satellite fields (D-2, 6, 19 and 22) and another D-34 discovery.

According to the officials the companies have to relinqiush part of the oil blocks as they failed to make discoveries in them. The officials further proposes that if oil or gas is discovered the company can hold to only that part of the block where the discovery is made, said the media report.

Read more about: reliance
Story first published: Tuesday, April 30, 2013, 13:31 [IST]
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