Reports indicate that the state-run explorer ONGC would pay international price for crude oil produced from its marginal fields to the service contractors. ONGC, which holds about 165 marginal fields (offshore and onshore), enters into service contracts with companies having expertise in developing these fields through a bidding process
Tag: marginal field
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ONGC’s contractors to get international price
Reports indicate that the state-run explorer ONGC would pay international price for crude oil produced from its marginal fields to the service contractors. ONGC, which holds about 165 marginal fields (offshore and onshore), enters into service contracts with companies having expertise in developing these fields through a bidding process