MINISTER OF STATE IN THE MINISTRY OF PETROLEUM AND NATURAL GAS (SHRI SANTOSH KUMAR GANGWAR)
(a) to(c): Panna, Mukta & Tapti fields have been awarded to a consortium comprising Oil & Natural Gas Corporation Ltd. (ONGC), Reliance Industries Limited (RIL) and Enron Oil & Gas India Limited (EOGIL), with EOGIL as the operator. The expenditure on these fields is made by the above consortium in accordance with the Production Sharing Contracts (PSCs) entered into by them with the Government of India. Royalty and all other dues are paid by the consortium in accordance with the provisions of these PSCs and the applicable laws and rules.
As per provisions of the PSCs, there is a Management Committee to approve the budget and oversee the expenditure, development and monitoring of these fields as well as monitor the implementation of the PSCs. Officials from the DGH represent the Government of India on these Management Committees. Reconciliation of receipts and expenditure, including payment of royalty etc., is an ongoing process.