Industry & Economy
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Petroleum
ONGC bags 15 blocks in NELP IV round of bids
Our Bureau
New Delhi
,
Oct. 28
ONGC has bagged 15 of the 24 oil and gas exploration blocks on offer in the fourth round of New Exploration Licensing Policy (NELP).
"The results of the NELP-IV bids have been evaluated and the recommendations have been forwarded to the Empowered Committee of Secretaries (ESC). Following approval, Cabinet's nod will be sought,'' officials said.
Cairn Energy won an on-land block on its own strength and one in association with ONGC. BPCL bagged three blocks in partnership with ONGC.
Meanwhile, HPCL bagged two blocks in consortium with ONGC.
Gujarat State Petroleum Corporation bagged three on-land blocks - one in partnership with Jubilant Enpro Ltd and GeoGlobal Resources, another with Jubilant Enpro, GeoGlobal and Price Petroleum and the last with Enpro Finance and GAIL (India) Ltd.
RIL, which teamed up with Hardy Oil of UK to bid for eight of the 12 deepwater blocks on offer, bagged one block.
Totally, 19 companies bid for 22 out of the 24 oil and gas blocks on offer.
BG Group, Canadian Niko Resources and Russia's Zarubezneftgaz did not bag any block.
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