The Tapti fields under the Panna, Mukta and Tapti (PMT) joint venture is estimated to be decommissioned in two years, and is now at a stage where the loopholes are being plugged, said Nitin Prasad, chairman, Shell Companies in India. The company is ahead of its target to have over 1,000 retail outlets in the country by 2027, he added.
Speaking to reporters in the sidelines of the launch of a flat-pack all-terrain truck, The Ox, in India, he said, “Tapti is now dry and is facing decommissioning. Last week, we signed an agreement that resolved all the final issues. We now have India’s first offshore decommissioning of Tapti fields and we will begin that work. We have already been doing the first couple of plugging wells and other works. We have already transferred some of the assets over to ONGC, but now we will begin the real decommissioning works.” Read more
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