Ongc Spurns Bg Operatorship Offer Once Again

The Oil and Gas Corporation (ONGC) has rejected yet another offer of the UK-based oil and gas major BG Group Plc, to become an operator in the three offshore oil and gas fields - Tapti, Mukta and Panna - on the western coast of India.

Subir Raha, chairman and managing director of ONGC told newspersons here that BG had offered a cash settlement on December 20 asking us to respond by December 21.