(Asia-Pacific) - The Indian government will invite bids from domestic and foreign companies February 24 to develop 55 new oil and natural gas exploration blocks.
"The bids will be invited for developing 30 offshore blocks and 25 onland blocks," says Director General of Hydrocarbons V.K. Sibal.
On the same day the government will invite separately bids for developing 10 coalbed methane blocks in the country.
While the bids for oil and gas blocks will be invited under the sixth round of India's New Exploration Licensing Policy, the bids for coalbed methane blocks will be invited under CBM-III, or the third round of government's coalbed methane exploration policy.
The bids for NELP-VI will close on September 15; the CBM-III bid closing date will be June 30.
Sibal says the government will hold roadshows to showcase the NELP-VI blocks in New Delhi (March 10), London (March 20-21), Houston (March 23-24), Perth (March 30-31), Kuala Lumpur (April 5-6), Dubai (April 23-24), Calgary (June 14-15), and Rio de Janeiro (June 19-20).
Roadshows to showcase the CBM-III blocks will be held in New Delhi (March 3), Houston (March 23-24), Brisbane (March 28-29), and Calgary (June 16).