{"id":381454,"date":"2020-10-31T09:49:47","date_gmt":"2020-10-31T04:19:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381454"},"modified":"2020-10-31T10:44:21","modified_gmt":"2020-10-31T05:14:21","slug":"bp-pitches-for-infra-sharing-with-companies-like-ongc-sanctity-of-contract","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-pitches-for-infra-sharing-with-companies-like-ongc-sanctity-of-contract\/","title":{"rendered":"BP pitches for infra sharing with companies like ONGC; sanctity of contract"},"content":{"rendered":"<p>New Delhi: Ahead of starting the next wave of gas production from the KG basin, UK-based supermajor BP Plc has pitched for oil NSE 0.47 % and gas producers sharing their infrastructure to help cut costs and monetise small and marginal discoveries. <\/p>\n<p>BP, which in partnership with Reliance Industries Ltd is investing USD 5 billion in developing three sets of discoveries in the Krishna Godavari basin block KG-D6, also wanted sanctity of contracts to be honoured and policy stability. <\/p>\n<p>Speaking at the India Energy Forum of CERAWeek, BP&#8217;s India head Sashi Mukundan said policy and decision making must support raising domestic oil and gas production by adopting best international practices. He also made a case for offering incentives for doing better than targeted production rather than imposing penalties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Ahead of starting the next wave of gas production from the KG basin, UK-based supermajor BP Plc has pitched for oil NSE 0.47 % and gas producers sharing their infrastructure to help cut costs and monetise small and marginal discoveries. BP, which in partnership with Reliance Industries Ltd is investing USD 5 billion in developing three sets of discoveries in the Krishna Godavari basin block KG-D6, also wanted sanctity of contracts to be honoured and policy stability. Speaking at the India Energy Forum of CERAWeek, BP&#8217;s India head Sashi Mukundan said policy and decision making must support raising [&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-381454","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\/381454","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=381454"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381454\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}