Shell will leave the Panna-Mukta-Tapti (PMT) fields offshore India once its production-sharing contract expires in December 2019, Indian newspaper The Financial Express reported on Wednesday.
Shell and Reliance each hold a 30% interest in the PMT joint venture, while state-run Oil & Natural Gas Corp. holds the remaining 40%.
Reliance said in April that Panna and Mukta produced 427.6 million cubic metres of gas from 66 wells in the first three months of 2018, up by 2.0% year on year.
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