{"id":14959,"date":"2023-02-24T02:53:24","date_gmt":"2023-02-24T02:53:24","guid":{"rendered":"https:\/\/www.newprojectstracker.com\/blog\/?p=14959"},"modified":"2023-02-25T02:57:59","modified_gmt":"2023-02-25T02:57:59","slug":"ongc-to-invest-2-billion-in-mumbai-to-increase-oil-and-gas-output","status":"publish","type":"post","link":"https:\/\/www.newprojectstracker.com\/blog\/ongc-to-invest-2-billion-in-mumbai-to-increase-oil-and-gas-output\/","title":{"rendered":"ONGC to invest $2 billion in Mumbai to increase oil and gas output"},"content":{"rendered":"\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:right \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/blog\/wp-json\/wp\/v2\/posts\/14959?pdf=14959\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download PDF Report<\/a>\n\n\t<\/div>\n\n\n\n\n\n<p><a href=\"https:\/\/www.ongcindia.com\/\"><img src=\"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2021\/11\/oil-and-gas-scaled.jpg\" \/>ONGC<\/a>, the largest oil and gas producer in India, will spend more than $2 billion drilling 103 wells, a record, on its main gas-bearing asset in the Arabian Sea as it pivots a turnaround plan that would increase production by 100 million tonnes. Three key offshore assets owned by Oil and Natural Gas Company (ONGC) account for the majority of the company&#8217;s 2021\u20132022 production of 21.7 million tonnes of oil and 21.68 billion cubic metres of gas: Mumbai High, Heera and Neelam, and Bassein and Satellite. &#8220;We have released a record 103 locations for drilling of wells on the Bassein and Satellite (B&amp;S) assets over the next 2-3 years,&#8221; ONGC Director (Offshore) Pankaj Kumar said. \u00a0&#8220;We estimate that this development drilling will enhance production by over 100 million tonnes of oil and oil equivalent gas over the life of the field,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF Report ONGC, the largest oil and gas producer in India, will spend more than $2 billion drilling 103 wells, a record, on its main gas-bearing asset in the Arabian Sea as&#8230; <\/p>\n","protected":false},"author":1,"featured_media":2443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[163],"tags":[418],"jetpack_featured_media_url":"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2021\/11\/oil-and-gas-scaled.jpg","acf":[],"_links":{"self":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/14959"}],"collection":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/comments?post=14959"}],"version-history":[{"count":1,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/14959\/revisions"}],"predecessor-version":[{"id":14960,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/14959\/revisions\/14960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media\/2443"}],"wp:attachment":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media?parent=14959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/categories?post=14959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/tags?post=14959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}