{"id":306659,"date":"2019-12-21T11:55:59","date_gmt":"2019-12-21T06:25:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306659"},"modified":"2019-12-21T12:08:05","modified_gmt":"2019-12-21T06:38:05","slug":"shell-reliance-give-up-panna-mukta-fields-western-offshore-fields-to-revert-to-ongc-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shell-reliance-give-up-panna-mukta-fields-western-offshore-fields-to-revert-to-ongc-2\/","title":{"rendered":"Shell-Reliance give up Panna-Mukta fields; western offshore fields to revert to ONGC"},"content":{"rendered":"<p>NEW DELHI: After operating Panna-Mukta oil and gas fields for 25 years, Royal Dutch Shell and Reliance IndustriesNSE -0.67 % will revert the western offshore fields back to state-owned Oil and Natural Gas Corp (ONGC), the companies said in a statement.<\/p>\n<p>Panna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea off the Mumbai coast were in 1994 awarded a consortium of US energy giant Enron and Reliance. ONGC, which had originally discovered the fields, as a government nominee given 40 per cent back-in rights.<\/p>\n<p>Enron during its bankruptcy was taken over by BG Group of UK in 2003. BG Group&#8217;s interest was subsequently taken over by Shell in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: After operating Panna-Mukta oil and gas fields for 25 years, Royal Dutch Shell and Reliance IndustriesNSE -0.67 % will revert the western offshore fields back to state-owned Oil and Natural Gas Corp (ONGC), the companies said in a statement. Panna-Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea off the Mumbai coast were in 1994 awarded a consortium of US energy giant Enron and Reliance. ONGC, which had originally discovered the fields, as a government nominee given 40 per cent back-in rights. Enron during its bankruptcy was taken over by BG Group of UK in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-306659","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306659","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=306659"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306659\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}