Sir, The only reason that our country is still so poor is our thought process that private sector will destroy the country and only Govt. organizations are the best option for development. No body is stopping ONGC or any other organization to find new oil and gas reserves and start drilling but then they need to be competitive. I don't find any problem if all the drilling contracts are given to Reliance till the time they are ready to offer the work on lesser price. In fact private companies are a blessing for our nation today. The have brought competition for these Govt organizations and has the changed the work culture of the Babu's sitting for years and waiting for retirement. I can give 100 examples for incompetency of GOVT organizations. Biggest one are DRDO and Air India.At same time ONGC is working hard to find new Gas sources in India itself. But Greedy Reliance brorhers too are playing dirty games in same sector to undermine ONGCs efforts.
Only Govt. organization that deserves respect is ISRO.