State-owned Oil and Natural Gas Corporation (ONGC) signed a contract for the prolific Chinnewala Tibba gas field in Rajasthan, which it had discovered around 15 years ago but was taken away and auctioned by the government.
ONGC won back five out of the 23 discovered oil and gas fields that the government took away from the state-owned firm and Oil India Ltd (OIL) for auctioning in the second round of discovered small field (DSF).
The 72-square kilometer field near Jaisalmer in Rajasthan has 1,900 million standard cubic metres of reserves, an official of the Directorate General of Hydrocarbons said at the contract-signing ceremony with the winners of the 23 fields auctioned in DSF-II.
