The contract will now be valid until 2029. The extension will enable the Joint Venture partners to recover about 13 million barrels of oil equivalent, Vedanta said in a statement. In addition, the joint venture partners will invest Rs 550 crore to drill seven wells targeting additional reserves of 11.7 million barrels of oil equivalent, it said.
from Oil & Gas-Energy-Industry-Economic Times https://ift.tt/32eTUQw
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Wednesday, November 6, 2019
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Production sharing contract for Vedanta's Ravva block extended by 10 years
Production sharing contract for Vedanta's Ravva block extended by 10 years
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