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The Panna-Mukta and Tapti (PMT) associated venture, including RIL and ONGC, has completed India's first offshore decommissioning project, involving nan removal of Tapti section facilities.
Reliance Industries (RIL), and Oil and Natural Gas Corporation (ONGC) person successfully completed nan country's first offshore accommodation decommissioning project.
SUMMARY
- Panna-Mukta and Tapti task achieves India's first offshore decommissioning
- Tapti task progressive removal of platforms, pipelines, and wells
- Larsen & Toubro and Chowgule Shipyard awarded decommissioning contracts
Shares of RIL and ONGC are successful news today. This comes aft nan Panna-Mukta and Tapti (PMT) associated venture, comprising Shell (through BGEPIL), Reliance Industries (RIL), and Oil and Natural Gas Corporation (ONGC), has successfully completed nan country's first offshore accommodation decommissioning project. The venture, operating nether a accumulation sharing statement pinch nan Indian government, progressive nan safe removal of mid and southbound Tapti section facilities. ONGC holds a 40% liking successful nan Tapti fields, while RIL and BG Exploration & Production India Ltd (BGEPIL-Shell) each clasp 30%.
The milestone task encompassed nan removal of 5 wellhead platforms, associated infield pipelines, and nan safe plugging and abandonment of 38 wells, each executed according to nan approved decommissioning plan. Production from nan Tapti fields ceased successful March 2016. This task exemplifies meticulous readying and compliance pinch regulatory frameworks, reflecting precocious information and biology standards. Contracts were awarded to Indian companies, including Larsen & Toubro for offshore execution and Chowgule Shipyard for onshore dismantling, enhancing India's home capabilities successful power infrastructure.
Notably, nan Tapti decommissioning task played a important domiciled successful shaping India's regulatory and operational model for offshore decommissioning. The task was developed collaboratively pinch cardinal stakeholders, including nan Union Ministry of Petroleum and Natural Gas, Directorate General of Hydrocarbons, and Oil Industry Safety Directorate. This effort establishes a benchmark for early offshore power transitions, rooted successful world champion practices and adapted for Indian conditions. The dismantling operations are presently underway astatine Chowgule Shipyard's accommodation successful Ratnagiri, aligning pinch nan government’s 'Make successful India' imagination and furthering nan country's capabilities successful power infrastructure.
Disclaimer: Business Today provides banal marketplace news for informational purposes only and should not beryllium construed arsenic finance advice. Readers are encouraged to consult pinch a qualified financial advisor earlier making immoderate finance decisions.
Published on: May 6, 2025 9:05 AM IST
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