BP Plc

In a high-stakes legal escalation, Reliance Industries Limited (RIL) and its consortium partners—British Petroleum Exploration (Alpha) Limited and Niko (NECO) Limited—have approached the Supreme Court of India to contest the Delhi High Court’s decision annulling a ₹12,800 crore arbitral award previously granted in their favor. The dispute centers on allegations of unauthorized extraction of natural gas in the Krishna-Godavari (KG) Basin.

BP Plc, a global energy powerhouse and a major contributor to India’s natural gas production, is intensifying its footprint in the country by unlocking new reserves in the Mahanadi basin's NEC-25 block. The move comes in response to sweeping reforms introduced by the Indian government aimed at revitalizing the upstream oil and gas sector.