Shell, Reliance & ONGC Complete Tapti Project Exit

India's first offshore decommissioning

- Arunima Bharadwaj & Raghavendra Kamath

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.