{"id":447125,"date":"2021-11-02T11:11:23","date_gmt":"2021-11-02T05:41:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447125"},"modified":"2021-11-02T11:11:23","modified_gmt":"2021-11-02T05:41:23","slug":"oil-ministry-to-ongc-give-60-control-in-mumbai-high-bassein-fields-to-foreign-cos","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-ministry-to-ongc-give-60-control-in-mumbai-high-bassein-fields-to-foreign-cos\/","title":{"rendered":"Oil Ministry to ONGC: Give 60% control in Mumbai High, Bassein fields to foreign cos"},"content":{"rendered":"<p>The petroleum ministry has told ONGC NSE 0.39 % to give away 60%stake plus operating control in India&#8217;s largest oil and gas producing fields of Mumbai High and Bassein to foreign companies, according to an October 28 letter to the state-owned company.<\/p>\n<p>Amar Nath, additional secretary (exploration) in the Ministry of Petroleum and Natural Gas, wrote a 3-page letter to ONGC Chairman and Managing Director Subhash Kumar, saying productivity of the Mumbai High and Bassein &amp; Satellite (B&amp;S) offshore assets under state-owned firm was low and international partners should be invited and given 60 per cent participating interest (PI) and operatorship.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The petroleum ministry has told ONGC NSE 0.39 % to give away 60%stake plus operating control in India&#8217;s largest oil and gas producing fields of Mumbai High and Bassein to foreign companies, according to an October 28 letter to the state-owned company. Amar Nath, additional secretary (exploration) in the Ministry of Petroleum and Natural Gas, wrote a 3-page letter to ONGC Chairman and Managing Director Subhash Kumar, saying productivity of the Mumbai High and Bassein &amp; Satellite (B&amp;S) offshore assets under state-owned firm was low and international partners should be invited and given 60 per cent participating interest (PI) and [&hellip;]<\/p>\n","protected":false},"author":39,"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-447125","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\/447125","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=447125"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447125\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}