{"id":463496,"date":"2022-01-24T09:16:49","date_gmt":"2022-01-24T03:46:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=463496"},"modified":"2022-01-24T09:28:30","modified_gmt":"2022-01-24T03:58:30","slug":"ovl-enters-development-stage-of-budiao-discovery-in-brazil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ovl-enters-development-stage-of-budiao-discovery-in-brazil\/","title":{"rendered":"OVL enters development stage of Budiao discovery in Brazil"},"content":{"rendered":"<p>ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has declared a 2019 gas discovery in deepsea block in Brazil as commercially viable and has now entered the development stage that will bring it to production, the firm said in a statement. OVL had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Brazil&#8217;s Petrobras is the operator of the block with 75 per cent Participating Interest (PI) while OVL has the remaining 25 per cent stake.<\/p>\n<p>The company said it &#8220;after detailed evaluation (has) now enters into the development stage with the submission of the Declaration of Commerciality (DoC) for the block BM-SEAL-4&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has declared a 2019 gas discovery in deepsea block in Brazil as commercially viable and has now entered the development stage that will bring it to production, the firm said in a statement. OVL had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Brazil&#8217;s Petrobras is the operator of the block with 75 per cent Participating Interest (PI) while OVL has the remaining 25 per cent stake. The company said it &#8220;after detailed [&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-463496","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\/463496","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=463496"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463496\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=463496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=463496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=463496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}