ONGC offers 43 of its fields to operators for enhancing production

The Centre has been pushing ONGC to increase its oil and gas production in order to trim imports

Oil and Natural Gas Corporation (ONGC) is seeking partners for enhancing production at its oil fields. These ‘marginal’ fields were given to ONGC on a nomination basis. A company statement said that this is in line with its goal of maximising recovery from its producing fields.

According to ONGC, eleven on-land contract areas consisting of 43 oil and gas fields with total in-place oil and oil equivalent gas volume of about 160 million tonnes of oil equivalent (mtoe) are on offer. These contract areas are spread across Gujarat, Assam, Tamil Nadu and Andhra Pradesh. India’s domestic oil production stood at