PSU's May Lose 97 Marginal Fields To Private Players

摘要

While India is struggling to optimize domestic output and cut down crude import bills, the top E&P players have not quite delivered insofar as the smaller fields are concerned. A report submitted to the government has rattled the cages ofONGC and OIL. "In these retained fields, NOCs [national oil companies] need to adhere to approved production profile. If they fail, even these fields shall be considered for taking back and privatisation by the government," the six-member committee said in its report.