{"id":553906,"date":"2023-02-08T09:39:42","date_gmt":"2023-02-08T04:09:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=553906"},"modified":"2023-02-08T10:50:20","modified_gmt":"2023-02-08T05:20:20","slug":"ongc-to-invest-3-5-billion-to-boost-output-from-western-offshore-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-to-invest-3-5-billion-to-boost-output-from-western-offshore-assets\/","title":{"rendered":"ONGC to invest $3.5 billion to boost output from western offshore assets"},"content":{"rendered":"<p>BENGALURU (Reuters) &#8211; India&#8217;s top exploration company, Oil and Natural Gas Corp, will invest $3.5 billion over the next three-four years to boost output from its western offshore assets, Pankaj Kumar, head of offshore assets, said on Tuesday.<\/p>\n<p>These assets are currently producing 41.5 million cubic meters a day (mmscmd) of gas and about 260,000 barrels per day (bpd) of oil, he said at the India Energy Week event in Bengaluru.<\/p>\n<p>India, the world&#8217;s third-biggest oil importer and consumer, wants its companies to quickly monetise their oil and gas reserves to cut its import bill.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) &#8211; India&#8217;s top exploration company, Oil and Natural Gas Corp, will invest $3.5 billion over the next three-four years to boost output from its western offshore assets, Pankaj Kumar, head of offshore assets, said on Tuesday. These assets are currently producing 41.5 million cubic meters a day (mmscmd) of gas and about 260,000 barrels per day (bpd) of oil, he said at the India Energy Week event in Bengaluru. India, the world&#8217;s third-biggest oil importer and consumer, wants its companies to quickly monetise their oil and gas reserves to cut its import bill.<\/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":[135,130,169],"tags":[],"class_list":["post-553906","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553906","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=553906"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/553906\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=553906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=553906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=553906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}