After investing nearly USD 1.2 billion over seven years with limited success, the state-owned Oil and Natural Gas Corporation (ONGC) is actively searching for partners to salvage the Deen Dayal gas field in the KG basin of the Bay of Bengal. On June 12, ONGC issued a call for expressions of interest from international oil and gas firms possessing the necessary technical expertise and financial capability to participate as partners, aiming to develop a viable strategy for the field, as per the tender document.
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