Support: +91-22-61011756 / help@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

ONGC to auction over 60 small and marginal fields to private companies

Monday, 17 Jun 2019
Share this on :
The Oil and Natural Gas Corp (ONGC) will shortly auction more than 60 of its discovered small and marginal fields to private companies.

The fields will be auctioned under the production enhancement contracts (PEC) mechanism, followed by global energy companies to enhance production from mature oil fields.

In January 2019, the government allowed ONGC to rope in the private sector to increase production to better exploit its hydrocarbon resources and reduce  dependence on foreign oil.

KPMG, a global advisory services firm, has received the mandate to run the PEC process for ONGC.

The small and marginal fields contribute five percent to the company’s total production while the rest of production comes from 60 large fields.

Marginal fields are discovered fields, but are considered uneconomical for development at the government-mandated price of USD 3.69 per million British thermal units for the April and September 2019 period. This is below the cost of production for most fields to be given for PEC.

Field operations can be outsourced to foreign or private firms offering highest revenue or production share above a baseline production.

Sign up to start your free trial
REGISTER AND GET STARTER KIT ABSOLUTELY FREE!

Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

Username:

Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services