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Shell, Reliance & ONGC Complete Tapti Project Exit
Financial Express Pune
|May 06, 2025
India's first offshore decommissioning
SHELL, RELIANCE INDUSTRIES (RIL) and Oil and Natural Gas Corporation (ONGC), joint venture partners of Panna-Mukta and Tapti (PMT) hydrocarbon assets, on Monday announced successful exit from the Tapti offshore project.
The decommissioning followed safe removal of the mid and south Tapti field facilities. The PMT JV, operator of the Tapti fields under a production sharing contract with the government, comprises ONGC with a 40% participating interest, and RIL and BG Exploration & Production India (BGEPIL-Shell) with 30% each.
This story is from the May 06, 2025 edition of Financial Express Pune.
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