Petroleum Minister Jaipal Reddy informed that the Management Committee (MC), which overseas operations of Reliance Industries (RIL)'s KG-D6 block, has approved only $3.99 billion cost recovery up to 2007-08 fiscal.
 
 However, the contractor, (RIL) has claimed an expenditure of $9.47 billion and has already recovered $5.26 billion up to 2010-11, the minister informed in Rajya Sabha.
 
 The contract for eastern offshore KG-DWN-98/3 or KG-D6 block provides for all actual expenditure incurred to be first recovered from sale of oil and or gas before profits are split between the contractor and the government.
 
 Of the $9.47 billion, RIL and its partners had incurred $5.7 billion in developing D1&D3 gas fields and another $1.73 billion in bringing MA oilfield into production.
 
 The audited accounts are placed before MC for adopting the same as provided under the Production Sharing Contract (PSC). MC has approved the said audited accounts upto the year 2007-08, he added without details of accounts of subsequent years.