India awards blocks from 2009 NELP auction

Six months after the sale, India has awarded 33 oil and gas blocks for exploration, reports Dow Jones.

Offshore staff

NEW DELHI -- Six months after the sale, India has awarded 33 oil and gas blocks for exploration, reports Dow Jones. The tracts came from the eighth NELP auction of 70 available properties.

ONGC now has seven new deepwater and 13 new shallow water blocks. A total of 24 deepwater and 28 shallow water blocks were available in the sale. Cairn Energy Plc won one deepwater block. BHP Billiton Petroleum with three and Cairn Energy with one wrap up the shallow water offshore bidding, Dow Jones reports. The remaining blocks were onshore.

03/22/2010

More in Company News