O&G Production Resumed Offshore India at Panna-Mukta Fields

MUMBAI (Dow Jones Newswires), Oct. 18, 2010

Oil and gas production at the Panna-Mukta fields, off India's west coast, has resumed, about three months after it was suspended due to a damaged undersea pipeline, a government official said Monday.

"The initial production has started. It is not at the full level. It is going to be ramped up slowly," the official at the Directorate General of Hydrocarbons, who declined to be named, told Dow Jones Newswires.

U.K.-based BG Group owns a 30% working interest in Panna-Mukta, while Reliance and state-run explorer Oil & Natural Gas Corp. own 30% and 40%, respectively.

Before the production was suspended July 20, the fields were producing 35,000 barrels of oil and 205 million metric standard cubic feet of gas a day.

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