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Shell, RIL win in English HC against govt in PMT oil, gas field dispute

The two firms had gone to the English High Court against the 2016 partial award

Topics
Reliance Industries | Shell | RIL PMT oil field

Press Trust of India  |  New Delhi 

In a big win for Shell and its partner Reliance Industries, the English High Court has rejected Indian government's challenge to the recovery of certain costs in the western offshore Panna-Mukta and Tapti oil and gas fields they operated.

The government had sought $3.5 billion in dues from Reliance and Shell-owned BG Exploration & Production India Ltd based on an October 2016 partial award of an international arbitration tribunal over the recovery of certain costs from the sale of oil and gas produced from the Panna-Mukta and Tapti fields. The two firms had gone to the English ...

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First Published: Thu, February 13 2020. 19:48 IST
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