Exploration & Production

Indian govt to appeal against KG-D6 claim rejection

The Indian government is likely to appeal against a ruling by an international arbitration tribunal that rejected its $1.55 billion claim against Reliance Industries and partners for allegedly siphoning gas
By Staff reporter 2 August 2018 0 31996

The Indian government is likely to appeal against a ruling by an international arbitration tribunal that rejected its $1.55 billion claim against Reliance Industries and partners for allegedly siphoning gas from deposits the government said they had no right to exploit, the Press Trust of India reported on Wednesday.

The three-person tribunal found Reliance could produce and sell any gas in the area covered by its production-sharing contract for the offshore KG-D6 fields that might have migrated from adjoining fields...