Oil and Natural Gas Corp (ONGC) has inked a contract for the prolific Chinnewala Tibba gas field in Rajasthan, which it had discovered around 15 years ago but was taken away and auctioned by the government. The 72-square kilometer field near Jaisalmer in Rajasthan has 1,900 million standard cubic metres of reserves of the 23 fields auctioned in DSF-II.
ONGC won back five out of the 23 discovered oil and gas fields that the government took away from the state-owned firm and OIL for auctioning in the second round of discovered small field (DSF). The 23 fields, made up of some 57 discoveries by ONGC and Oil India (OIL), hold 190 million tonnes of oil and oil-equivalent gas resources.
ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.
| Company Name | CMP |
|---|---|
| ONGC | 279.60 |
| Oil India | 457.75 |
| Jindal Drilling&Inds | 539.50 |
| Deep Industries | 462.90 |
| Asian Energy Service | 291.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: