Oil Fields Auction

Majority of the investments in OALP and DSF blocks are set to come up in the coming years

Entrepreneurs bid for discovered small fields, only to find gaps between promise and experience

Industry players say a major drawback of the bid was that ONGC sought partners who could raise output beyond a pre-agreed baseline and would share revenues only for incremental production

The government is estimating generation of 88,000 direct and indirect jobs through the investments in these fields