ministry will soon move a Cabinet note seeking to prevent RIL from charging a higher price until it can be ascertained that the deficit was the because of geological reasons.
RIL officials state that Indian consultants do not have the expertise to study deep-water blocks like the KG-D6 as the country has little experience in producing from such challenging terrain. The KG-D6 field is the only significant deep-water producing asset in the country.
ďIf the government is citing the PSC to say that no international expert can be appointed to verify reasons for fall in KG-D6 output, then how was the one-man reservoir expert Gopalakrishnan appointed by DGH and on whose recommendations were RIL and BP being penalised?Ē asked an RIL official.
A KG-D6 block oversight panel headed by the DGH had earlier refused to take a view on appointing renowned reservoir consultants Ryder Scott, DeGolyer and MacNaughton, Gaffney, Cline & Associates or Netherland, Sewell & Associates to validate reasons for the fall in gas output.