{"id":410460,"date":"2021-04-13T10:09:20","date_gmt":"2021-04-13T04:39:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410460"},"modified":"2021-04-13T10:57:04","modified_gmt":"2021-04-13T05:27:04","slug":"ongcs-reserves-enough-to-match-last-25-year-output","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongcs-reserves-enough-to-match-last-25-year-output\/","title":{"rendered":"\u2018ONGC\u2019s reserves enough to match last 25-year output&#8217;"},"content":{"rendered":"<p>Oil &amp; Natural Gas Corp. has enough reserves to produce as much as its cumulative output of the past 25 years, a company executive said.<\/p>\n<p>ONGC\u2019s proven and probable (2P) reserves have risen to 1,160 million metric tonnes of oil equivalent (mmtoe) following new discoveries. It produced a cumulative 1,175 mmtoe since 1995, when it had reserves of 1,114 mmtoe.<\/p>\n<p>\u201cWe have cumulatively produced more than the reserves we had in 1995 and still maintain a similar 2P level. This could have been impossible without making some meaningful discoveries in this period,\u201d the executive said, requesting anonymity. <\/p>\n<p>The new discoveries were found close to existing fields and in many cases, the existing infrastructure could be used to produce oil or gas from them, the executive said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil &amp; Natural Gas Corp. has enough reserves to produce as much as its cumulative output of the past 25 years, a company executive said. ONGC\u2019s proven and probable (2P) reserves have risen to 1,160 million metric tonnes of oil equivalent (mmtoe) following new discoveries. It produced a cumulative 1,175 mmtoe since 1995, when it had reserves of 1,114 mmtoe. \u201cWe have cumulatively produced more than the reserves we had in 1995 and still maintain a similar 2P level. This could have been impossible without making some meaningful discoveries in this period,\u201d the executive said, requesting anonymity. The new discoveries [&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-410460","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\/410460","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=410460"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410460\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}