The government has constituted a six-member committee to look at selling as many as 149 small and marginal oil and gas fields of state-owned ONGC and Oil India to private and foreign companies to boost domestic output, sources said.
The panel is headed by NITI Aayog Vice Chairman Rajiv Kumar and includes Cabinet Secretary P. K. Sinha and Oil Secretary M. M. Kutty.
Sources said the committee is a follow-up of the October 12 meeting called by Prime Minister Narendra Modi to review domestic production profile of oil and gas and the roadmap for cutting import dependence by 10% by 2022.
