India’s State-run oil and natural gas exploration and production (E&P) major, ONGC, has received 28 bids for 50 oil and natural gas blocks of the total 64 small and marginal fields that it had put on offer in a search for production-raising partnership. ONGC had clubbed the 64 small and marginal fields into 17 clusters with estimated cumulative reserves of 300-million tons. Private investors had put in 18 bids for 14 clusters of the 50 blocks, while three clusters of 14 blocks did not received any bids, officials privy to the information said.
