{"id":447073,"date":"2021-11-02T10:41:09","date_gmt":"2021-11-02T05:11:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447073"},"modified":"2021-11-02T10:59:50","modified_gmt":"2021-11-02T05:29:50","slug":"oil-ministry-tells-ongc-to-cede-mumbai-high-bassein-fields-to-foreign-cos","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-ministry-tells-ongc-to-cede-mumbai-high-bassein-fields-to-foreign-cos\/","title":{"rendered":"Oil ministry tells ONGC to cede Mumbai High, Bassein fields to foreign cos"},"content":{"rendered":"<p>NEW DELHI: In a move harking back to the days of P V Narasimha Rao\u2019s government, the oil ministry has asked state-run ONGC to cede ownership and control of the Mumbai High as well as Bassein and its satellite fields to foreign companies with a view to raising production.<br \/>\nOn October 28, additional secretary (exploration) in the ministry Amar Nath wrote to ONGC chairman Subhash Kumar saying the company give away 60% PI (participating interest) in these fields and operatorship to international partners as the current production was low.<br \/>\nMumbai High is the country\u2019s crown jewel and Bassein the largest gas source. The offshore fields together account for 50% of domestic gas and over 23% of oil production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: In a move harking back to the days of P V Narasimha Rao\u2019s government, the oil ministry has asked state-run ONGC to cede ownership and control of the Mumbai High as well as Bassein and its satellite fields to foreign companies with a view to raising production. On October 28, additional secretary (exploration) in the ministry Amar Nath wrote to ONGC chairman Subhash Kumar saying the company give away 60% PI (participating interest) in these fields and operatorship to international partners as the current production was low. Mumbai High is the country\u2019s crown jewel and Bassein the largest [&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":[130,219,137],"tags":[],"class_list":["post-447073","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447073","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=447073"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447073\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}