<span style="color: #222222;">Petroleum and Natural Gas Ministry today issued a clarification on the media reports about Oil Ministry's proposal to give away Mumbai High field of ONGC to private sector. It clarified that ONGC had conducted an Internal Strategy Meet at Udaipur from 29th to 31st October. During this, suggestions were made including making a 25-year Energy Perspective Plan, 15-year Exploration Plan by taking more acreages under exploration and having partnerships for its major fields, with scope of enhancing recovery and technology infusion.<br />''<br />''The government had decided in February 2019 that National Oil Companies would be free to choose to field specific models for enhancing production from their mature and ageing fields. It is keen that the domestic production of Oil and Gas should increase exponentially and ONGC, being the leading organization, has to play an important role. For this, private sector companies can be involved as partners or through various business models so that new techniques and technology can be brought in. However, the Ministry said, all this has to be done by following system and procedures in a transparent manner. ONGC has to prepare its plan and take right decisions in order to increase domestic production.<br />''<br />''The Ministry said, there is enough scope for several large and small companies to operate in the offshore and onshore basins in the country as a substantial area is still available.</span><br />