RIL Gain $80b – India’s KG-D6 Basin Damage $1-2 Trillion 

 Researcher view:

August04, 2018 (C) Ravinder Singh

RIL was solely operating KG Basin since acquiring 28 Offshore Blocks 1999 onwards, KG D6 in 1999. Reported discoveries exceed 1.83 Trillion M3 plus some Crude Oil also – so I take the round figure of 2 Trillion M3 of Gas in KG Basin.

RIL is currently producing 1200 Barrels of Oil [10 Medium Truckload] & 3.1 Million M3 of Natural Gas Per Day – just 2.6% of Rated Capacity of 120 Million M3 per day.

This is DAMAGE to the $2 Trillion KG Basin Oil & Gas Reserves.

‘KG D6 field produced 0.14 MMBBL of crude oil and 13.24 BCF of natural gas in 1Q FY19, lower by 39% and 35% respectively on a Y-o-Y basis. Fall in oil and gas production was mainly on account of natural decline, compounded by water and sand ingress.’

In my petitions around the time Crude Oil prices were in $100-$150/barrel – Petrol was retailed at $1.5 per liter, Diesel, LPG & Kerosene was heavily subsidized – I assumed $1 per M3 as retail value of CNG. This is $2 Trillion.

After delayed commission of 120 Million Cubic Meter Per Day Capacity – 10 years after Acquiring License in 2009 – means 40 Billion M3 annual product last year reported was 5 Billion M3.

CAG reported RIL was DRILLING IN ONGC & GSPC Owned Blocks – It was HORIZONTAL DRILLING UPTO 14 Kilometers that Damaged the KG Basin Oil & Gas Reserves.


RIL gained Rs.5,00,000 Cr in Capitalization when India suffered say $500b On Oil & Gas Production and Retail.

ONGC even Lost CLAIMS of $1.55b for 13.24 Billion Cubic Feet of gas.

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS

Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857

Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,

Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects

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