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ONGC, RIL among bidders for oil and gas blocks
Mint Mumbai
|July 11, 2023
State-owned energy majors ONGC and Oil India Ltd along with Reliance-BP, Anil Agarwal-led Vedanta and Sun Petrochemicals Pvt Ltd have placed bids for exploring and producing oil and gas from 10 blocks in the eighth round of auctions under the open acreage licensing policy (OALP).
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According to a notification by the Directorate General of Hydrocarbons (DGH), a total of 13 bids have been placed for the 10 blocks, out of which ONGC has placed nine bids and others have placed one bid each. However, no global oil exploration major placed bids in the international competitive bidding round.
This story is from the July 11, 2023 edition of Mint Mumbai.
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