Krishna Godavari Basin Current Affairs, GK & News

Exercise Prasthan – Update (October, 2022)

October 13, 2022

Exercise Prasthan was organized from October 11 to 12 of this year in the Krishna Godavari Basin Offshore Development Area. Key facts Prasthan is an offshore security exercise that is held every six months. Its main purpose is to integrate the efforts of all stakeholders involved in the offshore defence. It was recently conducted under ..

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RIL warns of KG-D6 shutdown, govt shows CAG’s red card

July 21, 2012

The tussle b/w Reliance Industries and the petroleum ministry over the future of India’s significant gas acreage reached to a full blown confrontation. Reliance and its partner BP have indicated the shutdown of the country’s biggest gas discovery- KG-D6 in 2015 if the government did not approve its long-pending investment proposals and revised capital expenditure ..

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Govt disallows $1.24 bn RIL cost recovery

May 7, 2012

The Petroleum Ministry disallowed the RIL’s (Reliance Industries Ltd) $1.24 billion cost recovery from its investment in the KG-D6 field, in the Krishna-Godavari (KG) basin. RIL has already taken the government to the Supreme Court over its inability to nominate an arbitrator over the issue of cost-recovery. Why Govt’s Notice to RIL? A Notice was ..

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