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ONGC awards 49 marginal onland oil fields to seven firms
New Delhi, May 14, 2020
The public sector Oil and Natural Gas Corporation Limited (ONGC) today said it had placed Notice of Award (NoA) for seven successful bidders in 13 contract areas comprising 49 marginal oil and gas fields.
The bid process for seeking partners for enhancement of production from 64 marginal nomination fields was held recently. Interested companies participated in the International competitive bidding process for 17 onshore contract areas comprising producing oil and gas fields, a press release from the company said.
"Through a detailed process of evaluation as per the tender conditions, seven companies have now been awarded 13 onland contract areas spread across the states of Gujarat, Tamil Nadu, Andhra Pradesh and Assam. It is expected with award of these contract areas, the production from these marginal fields would be enhanced," the release added.