Oil Natural Gas Corpn wins 6 DSF-III blocks

15 Sep 2022 , 01:32 AM

Oil Natural Gas Corpn has signed 6 contracts for Discovered Small Fields DSF in the Offshore under DSF-III bid round with 3 each for fields in the Arabian Sea and Bay of Bengal These include 4 contract areas as sole bidder and 2 contract areas in partnership with Indian Oil Corporation IOCL The Energy Maharatna also signed 2 Contracts for Fields under Special CBM Bid round-2021 blocks in Jharkhand and Madhya Pradesh In the Special CBM bid round-2021 under OALP as per provisions of the RSC a total estimated expenditure commitment is indicated by the Contractor to the Government of India For the 2 CBM blocks awarded to ONGC the total investment commitment is to the tune of USD 594 million In the 6 DSF-III blocks awarded to ONGC 2 under JV with IOC an investment of USD 18945 million is planned towards development in the blocks