{"id":412108,"date":"2021-04-26T11:12:31","date_gmt":"2021-04-26T05:42:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412108"},"modified":"2021-04-26T12:31:49","modified_gmt":"2021-04-26T07:01:49","slug":"output-boost-ongc-told-to-sell-oilfields-hive-off-services","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/output-boost-ongc-told-to-sell-oilfields-hive-off-services\/","title":{"rendered":"Output boost: ONGC told to sell oilfields, hive off services"},"content":{"rendered":"<p>With an eye on raising production, the Petroleum Ministry has told Oil and Natural Gas Corporation (ONGC) to sell stake in producing oil fields such as Ratna R-Series to private companies, get foreign partners in KG basin gas fields, monetise existing infrastructure, and hive off drilling and other services into a separate firm.<\/p>\n<p>Amar Nath, Additional Secretary (Exploration) in the Ministry of Petroleum and Natural Gas, on April 1, wrote to ONGC Chairman and Managing Director Subhash Kumar giving a seven-point action plan, \u2018ONGC Way Forward\u2019 that would help the nation\u2019s largest oil and gas producer raise output by one-third by FY24.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With an eye on raising production, the Petroleum Ministry has told Oil and Natural Gas Corporation (ONGC) to sell stake in producing oil fields such as Ratna R-Series to private companies, get foreign partners in KG basin gas fields, monetise existing infrastructure, and hive off drilling and other services into a separate firm. Amar Nath, Additional Secretary (Exploration) in the Ministry of Petroleum and Natural Gas, on April 1, wrote to ONGC Chairman and Managing Director Subhash Kumar giving a seven-point action plan, \u2018ONGC Way Forward\u2019 that would help the nation\u2019s largest oil and gas producer raise output by one-third [&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],"tags":[],"class_list":["post-412108","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412108","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=412108"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412108\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}