CAG – RIL Operating in ONGC & GSPC Acreages –

CAG – RIL Operating in ONGC & GSPC Acreages –

CAG – RIL Operating in ONGC & GSPC Acreages – World’s Biggest Scam

In another major CAG finding on page 30 of following chapter IV – RIL is operating in ONGC block – this is new – earlier CAG reported RIL was operating in GSPC blocks also.

CAG has also Endorsed My Earlier Observation – KG D6 was essentially gas reservoir but RIL installed Oil & Gas facility – Chapter IV – Opening Para states RIL made 19 discoveries in KG D6 of them 18 were Gas wells.

These findings clearly points to MEGA LOOT.

Can you believe ONGC Relinquished Acreage Grabbed By RIL in favor of RIL?

Ram Nayak Conspiracies To Rob India  

RNC1. RIL was allotted block KG D6 adjacent to ONGC discovery area and RIL started operating in ONGC Discovery area in 1999-00.

Hydrocarbon Production Sharing Contracts - An Introduction

RNC2.  In above Production Sharing Contract weightage for Technical Ability was just 6% thus the acreage that would largely go to ONGC went to RIL and GSPC who acquired 78 of 136 Offshore Blocks. Thus there was no preference to Experience and Qualified Staff.

RNC3. There was no priority to National Companies in Developing Most Valuable Natural Resources.

RNC4.  Contractors were free to market the Crude Oil & Gas in the Domestic Market.

Ø      But UPA Fixed Price and Determined Priority Allocation.

RNC5.  There was no Signature Fee, Discovery Bonus and no Cess on Crude Production.

RNC6.  RIL was allowed to use Most Powerful Rigs to could extract Oil & Gas in 10-12 kilometer radius.

RNC7.  ONGC relinquished acreage Encroached By RIL in favor of RIL.

Ravinder Singh

Progressindia008@yahoo.com

June14, 2012

Findings relating to - KG-DWN-98/3 block Page 30