{"id":306625,"date":"2019-12-21T11:41:13","date_gmt":"2019-12-21T06:11:13","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306625"},"modified":"2019-12-21T11:41:13","modified_gmt":"2019-12-21T06:11:13","slug":"reliance-shell-india-to-transfer-stake-in-panna-mukta-oil-fields-to-ongc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-shell-india-to-transfer-stake-in-panna-mukta-oil-fields-to-ongc\/","title":{"rendered":"Reliance, Shell India to transfer stake in Panna-Mukta oil fields to ONGC"},"content":{"rendered":"<p>NEW DELHI : Reliance Industries Ltd (RIL) and Shell India-owned BG Exploration and Production India Ltd (BGEPIL) will transfer their entire stake in Panna-Mukta oil and gas fields to state-owned Oil and Natural Gas Corp Ltd (ONGC) on 21 December. RIL, BG Exploration and ONGC have been operating the Panna-Mukta fields in a joint venture for the past 25 years.<\/p>\n<p>In the Panna-Mukta and Tapti (PMT) joint venture, ONGC held 40% stake, while RIL and BG Exploration owned 30% stake each. BG Exploration is a subsidiary of Shell India.<\/p>\n<p>\u201cThe production sharing contracts (PSC) for the Panna-Mukta and Tapti fields, which were executed by the PMT JV with the government of India in 1994, will expire on 21 December 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Reliance Industries Ltd (RIL) and Shell India-owned BG Exploration and Production India Ltd (BGEPIL) will transfer their entire stake in Panna-Mukta oil and gas fields to state-owned Oil and Natural Gas Corp Ltd (ONGC) on 21 December. RIL, BG Exploration and ONGC have been operating the Panna-Mukta fields in a joint venture for the past 25 years. In the Panna-Mukta and Tapti (PMT) joint venture, ONGC held 40% stake, while RIL and BG Exploration owned 30% stake each. BG Exploration is a subsidiary of Shell India. \u201cThe production sharing contracts (PSC) for the Panna-Mukta and Tapti fields, [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-306625","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=306625"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306625\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}