Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) is looking for global oil and gas companies to revitalize the struggling Deen Dayal gas field in the KG basin of the Bay of Bengal after investing $1.2 billion over seven years with limited success. The company sought expressions of interest from firms with the necessary technical skills and financial power to join as partners and help form a feasible development strategy for the field.

ONGC acquired Gujarat State Petroleum Corporation's (GSPC) 80 percent stake in the block in January 2017, but the field has seen minimal gas output since then, faced with severe technical challenges that have thwarted productivity.

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.