Deals5 May 2025, 04:52 pm
Shell, Reliance, and ONGC Complete India’s First Offshore Decommissioning Project
AI Summary
In a landmark achievement for India’s energy sector, the Panna-Mukta and Tapti (PMT) joint venture partners have successfully completed the country’s first offshore facilities decommissioning project. The project, which involved the safe removal of mid and south Tapti field facilities, demonstrates a high level of planning, coordination, and compliance with regulatory frameworks while upholding the highest safety and environmental standards.
Key Highlights
- The project marks a significant step forward for India’s energy sector, with major contracts awarded to Indian companies Larsen and Toubro (L&T) for offshore execution and Chowgule Shipyard (CLSPL) for onshore dismantling.
- The Tapti decommissioning project played a pioneering role in shaping India’s regulatory and operational framework for offshore decommissioning.
- The project sets a benchmark for future offshore energy transitions, rooted in global best practices and adapted for Indian conditions.
- The safe and successful completion of the Tapti offshore project is a landmark moment for India’s offshore energy sector.
- The project underscores ONGC’s commitment to responsible energy practices and sets a strong foundation for the next chapter in offshore infrastructure transformation.