ONGC awards 49 marginal fields to 7 companies amid corona crisis

NEW DELHI: ONGC late on Thursday night awarded 49 marginal producing oil and gas fields to seven companies under a government plan to raise production from these acreages that are not economical for the state-run flagship explorer.
The awarded fields make up 13 onshore contract areas spread across Gujarat, Andhra Pradesh, Tamil Nadu and Assam, the company said in a statement but did not identify the winners.
The winners were selected through an international competitive bidding for 17 onshore contract areas.