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Govt to launch first bidding round under deepwater mission soon
Business Standard
|August 30, 2025
The government will soon launch the first bidding round for oil and gas blocks under the National Deepwater Exploration Mission as part of a larger strategy to boost domestic hydrocarbon output and cut costly fuel imports, state-owned explorer Oil and Natural Gas Corporation (ONGC) said on Friday.
"Anchored on the 2025 Act's uniform, investor-friendly licence, the first deep-water bid round is expected soon," the company said in a post-annual general meeting (AGM) interaction, adding that the scope of geographical area covered under the "Samudra Manthan" initiative includes more than a million square kilometre in Andaman Nicobar, and ultra-deep KG and Cauvery basins.
Diese Geschichte stammt aus der August 30, 2025-Ausgabe von Business Standard.
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