Petroleum minister Pradhan asks domestic cos to tap global majors for tech

Says his ministry plans to set up a separate body for data management in the sector, along the lines of Mineral Exploration Corporation

Petroleum minister Dharmendra Pradhan on Tuesday urged domestic oil and gas producers to rope in international oil majors to bring in new technology to the sector. 

He was addressing the contract signing ceremony of the fifth bid round under the Open Acreage Licensing Policy (OALP). Under the OALP round V, state-run Oil and Natural Gas Corporation (ONGC) has won seven out of 11 geographical areas on offer, while Oil India (OIL) won the remaining four blocks.

Pradhan also indicated the ministry of petroleum and natural gas is planning to come up with a separate body or a company for data