 "oilfield")
At least 50 bids were received for the second round of auctions for discovered small field (DSF-II) oil and gas assets in India, for which 25 contract areas are on offer.
The major companies in fray include state-run Oil and Natural Gas Corporation (ONGC), Oil India (OIL), Billionaire Dilip Shanghvi's Sun Petrochemicals, Gautam Adani-led Adani Group and Hindustan Oil Exploration Company (HOEC).
According to industry sources, for the first time two oil majors ONGC and OIL are likely to join hands for an asset in India during the present round. Interestingly, the blocks on offer under the small field round include those
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