Govt to auction 69 marginal fields owned by ONGC, Oil India: oil secretary

New Delhi: India will soon auction 69 marginal oil and gas fields owned by state explorers Oil and Natural Gas Corp (ONGC) and Oil India Ltd, the country’s oil secretary said on Tuesday.
“Marginal field policy will have approval soon for 69 fields which ONGC and Oil India have agreed to give. We hope to put them for bidding,” Saurabh Chandra told reporters in New Delhi.
Chandra said that the two state explorers would invest $6 billion in exploration and production in the year ending March 2016, as they look to arrest declining oil and gas production. Reuters
Source: Mint; 21 April 2015
Advertisements

Your View

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s