In a big setback to the Centre, Delhi High Court on Tuesday upheld the ruling of an arbitration panel favouring Mukesh Ambani-led Reliance Industries (RIL) and its foreign partners in a dispute over gas migration from fields operated by state-owned Oil and Natural Gas Corp Ltd (ONGC).
The centre had accused consortium including RIL, UK-based BP Plc and Niko Resources of Canada of committing an "insidious fraud" by syphoning gas from deposits beyond its right to exploit. The centre said in the court that the consortium produced about 338.332 million British thermal units of gas that migrated from adjoining ONGC blocks into RIL’s KG-D6 block.
RIL and ONGC’s blocks are adjacent to each other in the Bay of Bengal.
Earlier in 2018, Arbitral Tribunal in 2:1 majority held that Reliance is entitled to produce all hydrocarbons resulting from petroleum ops conducted on contract area, which may also include hydrocarbons migrating from adjacent block.
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First Published: May 9, 2023 6:28 PM IST
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