The Panna-Mukta oilfield consists of two contiguous offshore oil fields to the northwest of Mumbai, India.

[3] In 2002 British Gas (BG) bought Enron's 30% share of the Panna-Mukta and Tapti fields for $350 million.

The Comptroller and Auditor General of India wrote a report that was highly critical of the contract award process.

An article in Outlook India that month reported that serious evidence of bribe-giving by companies looking for oil exploitation contracts had been submitted, but claimed that CBI was attempting a cover-up.

[4] In October 1997 the Delhi High Court heard the CPIL petition and issued notices to the involved companies and government organizations.

[4] In response to a further CPIL petition the Supreme Court of India conducted a hearing into the affair, which concluded in August 2000.

In a subsequent phase between November 2004 and March 2007 the joint venture installed pipelines and two wellhead platforms in the Panna oilfield.

On 20 July 2010 production was halted due to a leak in the sub-sea hose near the Panna single buoy mooring.

[13] In October 2008 it was reported that British Gas was waiting for approval of a US$150 million program to construct nine in fill wells.