India receives 145 bids for 25 small oil, natural gas fields at auction

The second round of auction of 25 discovered small fields (DSF) in the Indian oil and natural gas sector has received 145 bids from 39 investors, including six foreign companies, the sector regulator has reported. The Directorate General for Hydrocarbons (DGH) states that domestic oil and natural gas exploration and production majors ONGC and Oil India submitted ten bids each, while oil refiner-marketer Indian Oil Corporation put in three bids.