Centre to auction unmonetized oil, gas fields of ONGC and OIL
The move is aimed at boosting domestic output and securing India’s energy needs
Under the third round, 32 contract areas comprising 75 discoveries are on offer. The last date of bid submission is 31 August
The government has decided to auction unmonetized oil and gas fields of state-run Oil and Natural Gas Corp. (ONGC) and Oil India Ltd (OIL) to raise hydrocarbon production and improve energy security.