{"id":306651,"date":"2019-12-21T12:06:24","date_gmt":"2019-12-21T06:36:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306651"},"modified":"2019-12-21T12:06:24","modified_gmt":"2019-12-21T06:36:24","slug":"panna-mukta-tapti-jv-to-hand-over-the-oil-and-gas-field-to-ongc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/panna-mukta-tapti-jv-to-hand-over-the-oil-and-gas-field-to-ongc\/","title":{"rendered":"Panna-Mukta-Tapti JV to hand over the oil and gas field to ONGC"},"content":{"rendered":"<p>After 25 years of operating the Panna-Mukta oil and gas fields, the Panna-Mukta and Tapti (PMT) joint venture partners will hand over the oil &amp; gas fields back to the government of India\u2019s nominee, ONGC, on Saturday, December 21, the companies said.<\/p>\n<p>The PMT JV, includes Oil &amp; Natural Gas Corporation (ONGC), Reliance Industries (RIL) and BG Exploration and Production India (BGEPIL), a subsidiary of Shell India,in which each hold respectively 40%, 30% and 30% participating interest in the JV. Shell took over British Gas in a $53-billion deal in 2016, after which it took over the British Gas India stake in the JV.<\/p>\n<p>The PMT fields were the first fields in India to be operated under a joint operatorship model. The Panna-Mukta fields, off the Mumbai coast, have produced 211 million barrels of oil and 1.25 trillion cubic feet (TCF) of natural gas since December 1994.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After 25 years of operating the Panna-Mukta oil and gas fields, the Panna-Mukta and Tapti (PMT) joint venture partners will hand over the oil &amp; gas fields back to the government of India\u2019s nominee, ONGC, on Saturday, December 21, the companies said. The PMT JV, includes Oil &amp; Natural Gas Corporation (ONGC), Reliance Industries (RIL) and BG Exploration and Production India (BGEPIL), a subsidiary of Shell India,in which each hold respectively 40%, 30% and 30% participating interest in the JV. Shell took over British Gas in a $53-billion deal in 2016, after which it took over the British Gas India [&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":[130,195,138],"tags":[],"class_list":["post-306651","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306651","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=306651"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306651\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}