Epic Update : ONGC

ONGC aims to recover Rs 120 crore by selling 35% stake to private sector operators in three exploratory coal bed methane (CBM) assets. ONGC board is planning to rope in two partners, with 25% and 10% stake each, as joint operators, at North Karanpura in Jharkhand), Bokaro in Jharkhand and Ranigunj in West Bengal assets. Each block is estimated to have 1 trillion cubic feet of methane reserve.

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