NEW DELHI: Oil and Natural Gas Corporation on Thursday won five out of the 23 discovered oil and gas fields that were auctioned in the second round of discovered small field (DSF). The state-owned explorer has signed a contract for the prolific Chinnewala Tibba gas field, which it had discovered around 15 years ago, but was taken away and auctioned by the government. This gas field in Rajasthan was also the most-contested field in DSF-II with as many as 17 bids being put in.
The 23 fields, made up of some 57 discoveries by ONGC and OIL India Limited (OIL), hold 190 million tonnes of oil and oil-equivalent gas resources, said an official of the Directorate General of Hydrocarbons at the contract-signing ceremony on Thursday.
