India's Energy Major Fails to Find Partner for Gas Field

India's Energy Major Fails to Find Partner for Gas Field

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India’s Oil and Natural Gas Corporation has failed to find a partner for the development of a natural gas field for the third time, running out of options for the field, Economic Times outlet Energyworld reported, citing unnamed sources. ONGC, a state-owned company, had tendered participation in the Deen Dayal field in the Bay of Bengal in June. The bid submission period ended in September, the report also said. No company made a bid in the tender. ONGC acquired a majority stake in the field from the Gujarat government in 2017, paying $1.2…

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