Govt moves to disallow more of Reliance-BP-Niko’s KG-D6 cost2 min read . Updated: 16 Aug 2017, 09:57 PM IST
The oil ministry has cited below-target output from KG-D6 block, controlled by Reliance Industries, BP Plc and Niko Resources, for disallowing the cost recovery
New Delhi: The oil ministry has sought to disallow about $264 million of the exploration and production cost the consortium of Reliance Industries Ltd (RIL), BP Plc. and Niko Resources Ltd wanted to recover in 2015-16 from the revenue generated by their D6 block in the Krishna-Godavari (KG) basin.
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