Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
01 November, 2014 07:04 IST
News
RIL operated KG basin gas production avg short of expected volume: Moily
Source: All India Radio | 27 Nov, 2012, 04.26PM
Comments  |  Post Comment

Average gas production from the Reliance Industries (RIL) operated Krishna-Godavari (KG) Basin, has fallen short of the expected volume.

Giving this information in a written reply in the Rajya Sabha, Minister of Petroleum and Natural Gas, M. Veerappa Moily said, the average gas production from KG-D6 block during April to October, 2012 was about 30 Million Standard Cubic Meter Per Day (MMSCMD) as against 86.73 MMSCMD approved in the Field Development Plans.

This is mainly due to water loading and sand ingress in well bores and substantial variance in reservoir behaviour. The Minister said the government has not accepted the RIL's (Q,N,C,F)* explanation and have ordered proportionate disallowance of cost of production facilities amounting to over one billion dollar. RIL initiated arbitration and the government has also appointed an arbitrator in the matter.


News
D S Kulkarni Developers standalone quarterly net up 22.93% - 31-Oct-2014 18:37
Apcotex Industries standalone quarterly net soars 2.84 times - 31-Oct-2014 18:01
National Oxygen loss widens in Jul-Sep quarter - 31-Oct-2014 17:33
Angel Broking maintains Neutral on Ambuja Cement - 31-Oct-2014 17:22
Dalmia Bharat Sugar and Industries loss narrows in Jul-Sep quarter - 31-Oct-2014 17:19
Angel Broking recommends Neutral on Union Bank - 31-Oct-2014 17:18
Angel Broking recommends Buy on M&M - 31-Oct-2014 17:14
Hatsun Agro Product standalone quarterly profit plunges 66.78% - 31-Oct-2014 17:09
NMDC standalone quarterly profit rises 18.83% - 31-Oct-2014 16:59
Igarashi Motors India standalone quarterly net falls 39.64% - 31-Oct-2014 16:55
M C S loss narrows in Jul-Sep quarter - 31-Oct-2014 16:33
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   z5fvm5 into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer