MoPNGS directs ONGC to sell stake in offshore and onshore oil fields

The MoPNGS has directed ONGC to sell its stake in offshore oilfields such as the Ratna series and the R-series fields in Mumbai along with onshore fields like Gandhar in Gujarat to private players. It has also directed ONGC to divest some of its extant suboptimal assets and create a separate entity for exploration activities.