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News Brief | January 2016

Govt to auction 28 oil, gas blocks off Mumbai; 14 in KG basin

As many as 28 oil and gas fields out of the 69 small and marginal fields of state-owned firms that the government plans to auction to private players are in Mumbai offshore, Oil Minister Dharmendra Pradhan said.

Of the 69 idle oil and gas fields of state-owned ONGC and Oil India Ltd which are to be auctioned, 28 are in Mumbai Offshore while another 14 are in the prolific Krishna Godavari (KG) basin, he said in a written reply to a question in Lok Sabha here.

As many as 10 discoveries in the Assam shelf are also on offer.

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