ONGC signs 6 contracts for offshore fields in Arabian Sea, Bay of Bengal

Four of which were signed as the sole bidder, whilst two were in partnership with IOCL.

The Oil and Natural Gas Corporation (ONGC) has signed six contracts for offshore fields found in the Arabian Sea and Bay of Bengal.

Of the six contracts for Discovered Small Fields (DSF), four were signed by ONGC as a sole bidder, whilst two others were signed in partnership with the Indian Oil Corporation Limited (IOCL).

The Company’s total investment for the 6 awarded contracts amounted to $1.89b.

Moreover, it also signed two contracts for fields under the Special CBM bid round-2021. For two of the CBM blocks awarded to ONGC, the total investment commitment stood at $5.94m

The contracts were signed before Honorable Minister of Petroleum & Natural Gas Shri Hardeep Singh Puri, by ONGC CMD Rajesh Kumar Srivastava on 9 September 2022 in New Delhi. ONGC Director (Offshore) Pankaj Kumar was also present.

The DSF-III bid round 2021 was launched by the Government of India on 10 June 2021; whilst the CBM special bid round 2021 was launched by Government on 22 September 2021.

Follow the link for more news on

Oil and Natural Gas Corporation

India Oil & Gas

Also Read

ACEN’s net income grows 24% to $138m in 9M 2024

Vena Energy’s 53 MW Kasama Solar Project starts operation

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit