The NTS included secretaries in ministries of petroleum and natural gas and finance and chairman and managing director of ONGC. Not a single barrel of oil was extracted since 1994 when the ONGC stopped production. The government had issued notice inviting development of R and RS fields in 1993 and a year later ONGC had stopped production of petroleum from these fields. The CCEA had in 1999 approved negotiations to be held by the NTS for finalising and concluding Production Sharing Contract (PSC) within six months. The parliamentary panel noted that the government had cancelled the award in 2016, after a period of 20 years, which saw six governments at the Centre.

Source: dna July 14, 2016 02:48 UTC