{"id":617255,"date":"2023-11-14T11:20:30","date_gmt":"2023-11-14T05:50:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=617255"},"modified":"2023-11-14T11:20:30","modified_gmt":"2023-11-14T05:50:30","slug":"ongc-to-pump-crude-from-5-billion-project-off-andhra-coast","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-to-pump-crude-from-5-billion-project-off-andhra-coast\/","title":{"rendered":"ONGC to pump crude from $5 billion project off Andhra coast"},"content":{"rendered":"<p>NEW DELHI: State-run ONGC will start pumping crude from its $5-billion project off the Andhra coast in the next fortnight, bringing on stream the delayed project that is pivotal for reversing the company&#8217;s declining fortunes as a result of maturing fields.<\/p>\n<p>Output from the KG-DWN 98\/2, the second deep-sea project in the east coast after RIL-BP&#8217;s KG-D6 acreage, will give a fillip to domestic oil production at a time when dependence on imports is rising on the back of expanding oil demand.<\/p>\n<p>The additional volumes will raise the company&#8217;s profitability, director (finance) Pamila Jaspal said after lower production due to natural decline from existing fields contributed to a 20% drop in Q2 profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: State-run ONGC will start pumping crude from its $5-billion project off the Andhra coast in the next fortnight, bringing on stream the delayed project that is pivotal for reversing the company&#8217;s declining fortunes as a result of maturing fields. Output from the KG-DWN 98\/2, the second deep-sea project in the east coast after RIL-BP&#8217;s KG-D6 acreage, will give a fillip to domestic oil production at a time when dependence on imports is rising on the back of expanding oil demand. The additional volumes will raise the company&#8217;s profitability, director (finance) Pamila Jaspal said after lower production due to [&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-617255","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\/617255","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=617255"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/617255\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=617255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=617255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=617255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}