Oil and Natural Gas Corporation (ONGC) has invited bids for the sale of initial 2 million standard cubic meters per day of gas from its KG basin fields at a minimum price of $ 6.6 per mmBtu. According to the tender document, ONGC intends to start natural gas sale from its KG-DWN-98/2 block, which sits next to Reliance Industries (RIL)-BP Plc operated KG-D6 fields, from June-end.
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 | 283.35 |
| Oil India | 471.35 |
| Jindal Drilling&Inds | 542.35 |
| Deep Industries | 477.70 |
| Asian Energy Service | 315.25 |
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