NEW DELHI: Hoping to attract more foreign companies to explore its vastly unexploited sedimentary basin, India today launched its ninth round of oil and gas block auction, made up mostly of previously discarded areas.
Petroleum Minister Murli Deora launched the ninth edition of New Exploration Licensing Policy (NELP), offering 34 exploration blocks, almost half of the previous round in 2009.
India launches ninth edition of NELP - Economic Times
Petroleum Minister Murli Deora launched the ninth edition of New Exploration Licensing Policy (NELP), offering 34 exploration blocks, almost half of the previous round in 2009.
Manufacturer of Oil Tanks India.
Petroleum Minister Murli Deora launched the ninth edition of New Exploration Licensing Policy (NELP), offering 34 exploration blocks, almost half of the previous round in 2009. "Out of 34 blocks, 19 blocks are totally new areas - 7 in deep sea, 2 in shallow waters and 10 onland blocks. Rest 15 (1 in deep water, 5 in shallow water and 9 onland blocks) are recycled blocks," he said at the launch.Oil Tanks India manufacturing facility.
India launches ninth edition of NELP - Economic Times
