Reliance Industries has slapped an arbitration notice challenging the Oil Ministry´s decision to take away 814 square km (sq km) of its eastern offshore KG-D6 area that contained five gas discoveries.
As per the norm of giving up non-discovery areas, RIL had in 2013 offered to give up 5,385 sq km out of a total 7,645 sq km area in the Krishna-Godavari basin of the KG-D6 block. But the Ministry on October 30, 2013, ordered 6,198.88 sq km of total area to be taken away as the time allocated for producing from these had expired.
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