Overview
- Sources cited by multiple reports say the government asked the tribunal for about $30 billion, covering the value of unproduced gas plus alleged excess installation costs, marketing margins and interest.
- Reliance issued a statement rejecting the $30 billion figure as factually incorrect, saying the government’s claim is approximately $247 million as disclosed in its audited filings, while BP declined to comment.
- The three-member tribunal has heard the dispute since 2016 and concluded final arguments on November 7, with any award expected by mid-2026 and subject to potential court challenges in India.
- Government submissions allege operators used only 18 of the 31 planned wells and pursued “unduly aggressive” production that damaged the reservoir, following earlier production issues involving water ingress and low pressure.
- Background records show initial recoverable reserves were revised from 10.3 tcf to 3.1 tcf, D1/D3 output lagged from 2010 and ceased in February 2020, and earlier cost-recovery disputes saw $3.02 billion in costs disallowed.