The representatives of outfits, including three breakaway factions, deposited their arms to the chief minister at a ceremony organised by the home department Guwahati.
With two of its clusters - R-Series and Satellite Series - likely to start production in the next two years, the company looks to turn around production from this business.
IHS said low regulated gas prices have precipitated a supply shortfall in India, but proposed that reforms to the pricing formula could yield higher domestic production and boost India's economy.
The entry of a new developer through competitive bidding would delay the development of discoveries by at least 10 years.
Kerala, Andhra, Tamil Nadu and Kerala are facing a severe drought this year, affecting livelihoods as well as lives.
BG Exploration and Production India, a part of UK-based BG group and Reliance Industries, hold 30 per cent stake each in the field, while ONGC has a participating interest of 40 per cent.
Energy conglomerate Reliance Industries and its partner BP plc on Friday said they have made a second deep-water gas condensate discovery in the Cauvery basin, off the east coast.
For India's upstream sector that has seen no new discovery coming into production.
To proceed with a Cabinet proposal to grant the relaxations to RIL, the Election Commission's approval will be sought.
Experts say finding a solution within the high court-mandated timeline of six months may be tough.
A report, by DeGoyler and MacNaughton, has put a question mark on the future production from the five ONGC discoveries.