India offers 8 oil, gas blocks for bidding in latest round
The HinduIndia has offered 8 oil and gas blocks, mostly in Assam, for bidding in the latest bid round with a view to bringing more area under exploration, so as to increase domestic production and reduce imports. Eight blocks have been offered in the seventh bid round of Open Acreage Licensing Policy, with bids due on February 15, the Directorate General of Hydrocarbons said. Out of 8 Blocks, 5 Blocks are Onland type, 2 Blocks are Shallow Water-type and 1 Block is Ultra Deep-Water type,” DGH said in the notice inviting offers. The last bid round, OALP-VI, attracted just three bidders, two of whom were state-owned explorers Oil and Natural Gas Corporation and Oil India Ltd.. Twenty-one blocks or areas were offered for exploration and production of oil and gas in the OALP Bid Round-VI, for which bidding closed on October 6.
History of this topic
)
Discover Related
)
)
