Independent consultant DeGolyer & MacNaughton was expected this week to submit to India’s Ministry of Petroleum & Natural Gas its report on whether Reliance Industries has siphoned off more than $5 billion-worth of gas from Oil & Natural Gas Corporation (ONGC)’s adjacent block.
State-owned ONGC has claimed that privately-owned compatriot Reliance has been exploiting gas from its deep-water Block KG-DWN-98/2, where it has plans for oil and gas developments.
