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PM to monitor sweeping reforms-VI: Private sector to be roped in for mature oil fields of ONGC and OIL
Jun 29: A policy framework will be put in place for rejuvenating mature oil fields in the hands of ONGC and OIL with the help of the private sector.
8This will ensure that full value is extracted from these fields
8A field level JV mechanism, or a hiving off of such assets into a separate entities will be explored
8A transparent policy framework will be put together.
8New forms of contractual arrangements on risk sharing basis will be considered to achieve the above objective.
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