Govt panel wanted to ‘transfer’ ONGC’s Mumbai High, 8 other big fields to pvt sector


Govt panel wanted to ‘transfer’ ONGC’s Mumbai High, 8 other big fields to pvt sector

For the second time in its history, India’s flagship oil and gas field, Mumbai High faced the prospect of being hived off to private entities but were spared from being put under the hammer after basic premise of the proposal was questioned by a section of the government.

Top government sources said a panel headed by Niti Ayog vice-chairman Rajiv Kumar had recently drawn up a blueprint to “transfer” nine major fields, which form the bulwark of India’s domestic oil and gas supplies, to domestic private and multinational energy entities.

Besides Mumbai high the list of fields included Heera, D-1, Vasai East and Panna in the western offshore, Greater Jorajan and Geleki in Assam, Baghewala in Rajasthanand Kalol in Gujarat. Read More

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