According to reports, Reliance industries’ eastern offshore KG-D6 gas field development costs less than the amount the Gujarat government company GSPC and the state’s ONGC spend on projects in the area of its KG basin find.

Also, 2004 Reliance proposed a USD 2.4 billion investment for production 40 million cubic meters per day of gas from 5.32 trillion cubic feet of reserves in the D1/D3 fields of the KG-D6 block. In 2006, it reviewed the capital expenditure requirement to USD 5.2 billion in Phase-I for the production of an increased 80 mmscmd of gas from 11.3 tcf of reserves.

Reliance said, "Oil and Natural Gas Corp's block KG-D5 in vicinity, with a discovery made in 2001, has 1.9 tcf of gas reserves with an estimated development cost of USD 7.7 billion, for which a development plan is under preparation”.

However, ONGC's KG-D5 block is next to Reliance's KG-D6 area, where the initial discovery was made in 2002, as Reliance took 6 years to bring KG-D6 gas into production, despite the pass 10 years of the first discovery, ONGC has still not been able to put together a development plan.

Moreover, the idea that the government revenue interests have been affected by the 'gold-plating' is said to be false, and the New Exploration Licensing Policy, under which, Reliance had got the KG-D6 block in 2000, led to an end to 'cost plus regime', where firms got a ‘fixed return ‘on all the invested capital.