Kg Basin

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Cairn India has pegged its Krishna Godavari on-shore block reserves at about 550 million barrels equivalent of in-place oil and gas, reports CNBC-TV18 quoting NewsWire 18. Cairn owns 49% and ONGC 51% stake in these blocks. Also Cairn has ...
May 23, 2012 at 10:44 | Source: MoneyControl.com
No respite is in sight for the gas-starved power and fertiliser companies as production from Reliance Industries’ (RILs) D6 block in the Krishna Godavari (KG) basin will take at least two years from the date its integrated development plan ...
May 28, 2012 at 02:53 | Source: Daily News and Analysis
Oil minister Jaipal Reddy had also said recently that output from the KG D6 basin is expected to come down to 20 mmscmd by 2014-15 from an estimated 28 mmscmd this fiscal. In fact, in RIL’s annual report, published in May, Mukesh Ambani ...
May 28, 2012 at 03:50 | Source: Daily News and Analysis
Since NTPC is able to pass on benefits of the market-based reasonable costs to its customers, the government should weigh the overall benefits to the nation of getting the arms-length price for the precious national asset of KG basin gas reserves.
May 25, 2012 at 17:37 | Source: Deccan Herald
EGoM fixed the price for 5 years and it needs to decide on RIL’s revision demand, says Vahanvati The government’s top law officer has said deciding on revising the price of gas from the D6 field of the Krishna-Godavari (KG-D6) basin before April 2014 ...
May 20, 2012 at 18:47 | Source: Business Standard
Block KG-DWN-2003/1 (D3): Exploration (Hardy 10 per cent interest ... The D3 exploration licence in the Krishna Godavari Basin remains the core of our potential. The Krishna Godavari Basin is an emerging world-class petroleum province and ...
May 16, 2012 at 06:27 | Source: Bloomberg
In the latest episode in its dispute with the government, Reliance Industries has moved the Supreme Court seeking appointment of an arbitrator over cost issues surrounding the KG basin gas field Slipping Profits: Mukesh Ambani-led Reliance Industries has ...
May 18, 2012 at 16:12 | Source: MSN India
About maybe 30% of the output at the KG basin is supplied to the fertiliser sector. Obviously, if the prices are revised upwards that will increase the subsidy burden of the government because ultimately the urea for which it is used is the ...
May 17, 2012 at 18:36 | Source: MoneyControl.com
Price revision is a policy issue' 21-MAY-12 The government’s top law officer has said deciding on revising the price of gas from the D6 field of the Krishna-Godavari (KG-D6) basin before April 2014 is a matter of policy, not law. RIL gas from KG-D6 drops ...
May 16, 2012 at 08:15 | Source: Business Standard
JP Morgan warns of a potential "political stand-off" between Reliance Industries and the government after India's Petroleum Ministry ruled against the company's petition to recover more than $1 billion of its KG basin investments. * The fund ...
May 9, 2012 at 05:38 | Source: Reuters India