Investments into these 60 oil and gas fields will lead to generation of over 88,000 jobs, an official statement said. Photo: ReutersNew Delhi: The government will offer 60 more discovered oil and gas fields, holding 195 million tonnes of reserves, in the second auction round this year, oil minister Dharmendra Pradhan said on Thursday. Out of the 60 fields, 22 fields belong to state-owned Oil and Natural Gas Corp (ONGC) and 5 were discovered by Oil India Ltd (OIL). The 60 discoveries are estimated to have 194.65 million tonnes of oil and oil equivalent gas in place. The award of contract will be approved by the minister of petroleum and natural gas and minister of finance based on the recommendations of ECS.

Source: Mint February 08, 2018 13:52 UTC