Resolution of RIL’s $247 million KG basin cost recovery dispute with GoI seen in New Year
New Delhi- Resolution of RIL’s $247 million KG basin cost recovery dispute with GoI seen in New Year Deepwater exploration is risky, and under the New Exploration and Licensing Policy, production-sharing contracts allow companies to recover exploration costs.RIL developed the KG-D6 block in record time, which to date is India’s most successful deepwater producing block.Reliance…