ONGC nets six offshore contract areas in latest Indian leasing round

Sept. 21, 2022

Oil and Natural Gas Corp. has signed six contracts for discovered small fields under India’s offshore under DSF-III bid round.

Joint Secretary (Refineries) Sunil Kumar and ONGC CMD RK Srivastava (right) exchange the signed contracts.

Offshore staff

NEW DELHI, India — Oil and Natural Gas Corp. (ONGC) has signed six contracts for Discovered Small Fields (DSF) under India’s offshore under DSF-III bid round.

These include four contract areas as sole bidder and two more in partnership with Indian Oil Corp. Ltd. Three of the fields are in the Arabian Sea and three in the Bay of Bengal.

ONGC estimates total development investments across the blocks of $1,894.5 million is planned toward development in the blocks.

The DSF-III bid round 2021 was launched by the government in June last year, with a total of 75 fields made available in 21 offshore and 11 onshore areas.

09.21.2022