ONGC rejects AP Shah claim
ONGC on Thursday contested Justice (retired) A.P.
ONGC on Thursday contested Justice (retired) A.P. Shah Committee report that the PSU had prior knowledge of natural gas from its Krishna Godavari fields flowing to adjoining KG-D6 block of Reliance Industries.
“ONGC had no knowledge about this earlier. As soon as we came to know about this we took action in 2013 (by approaching regulatory authorities). It seems that there is no mention our submission on this (Shah Committee) in the report. I don’t know what is the reason for that and why there is no mention of our submissions,” ONGC chairman and managing director D.K. Sarraf said in a press conference after company’s AGM here.
In submissions to the Shah Committee, “we had very strongly submitted that ONGC had no prior knowledge,” he said.
The report noted and accepted the D&M Report findings that connectivity between the reservoirs in KG-DWN-98/3 block of RIL and ONGC’s KG-DWN-98/2 and Godavari PML blocks is established.
Mr Sarraf said he was of the view that “it is difficult” to say at this moment whether ONGC has right over the compensation for the gas which went to RIL fields and PSU’s legal team is considering the report.
While holding that RIL may have had prior knowledge of the fields of the two companies being inter-connected and gas migrating from one to another, the report also recorded.