Reports indicate that Reliance Industries (RIL) would appraise its discovery in the Cauvery basin and submit a field development plan to the government. This follows issuance of approval letter by government to the operator (RIL) to appraise the discovery. The move is expected to enable the company extend its deep-water portfolio beyond the controversial D6...
Tag: Reliance Industries (RIL)
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Excluding CBM blocks from CAG audit
An expert panel noted that the Coal Bed Methane (CBM) blocks of Reliance Industries (RIL) do not have elements of cost recovery and so CAG audit “may not be required.
This was said by the committee headed by Chairman of Prime MinisterÂ’s Economic Advisory Council, C Rangarajan, in its latest report on petroleum pricing and contracts. It may be noted that the CBM blocks were bid out based on the share of production a company offered from first day of production. The firm bidding the highest, got
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Excluding CBM blocks from CAG audit
An expert panel noted that the Coal Bed Methane (CBM) blocks of Reliance Industries (RIL) do not have elements of cost recovery and so CAG audit “may not be required.
This was said by the committee headed by Chairman of Prime MinisterÂ’s Economic Advisory Council, C Rangarajan, in its latest report on petroleum pricing and contracts. It may be noted that the CBM blocks were bid out based on the share of production a company offered from first day of production. The firm bidding the highest, got