Indicating a lukewarm response from the industry, the government said on Monday that it had received 74 bids for the 34 oil and gas exploration blocks offered under its ninth round of the New Exploration Licencing Policy (NELP-IX). It was the state-owned oil companies — ONGC and OIL that resc ued the round of oil and gas exploration licence auctions; ONGC submitted bids for 28 out of the 34 blocks on offer under NELP-IX. Oil India Ltd (OIL) bid for 17 blocks.
Tepid response to NELP-IX - Hindustan Times
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From the private sector, oil and gas biggie, Reliance Industries Ltd (RIL) bid for six blocks, while Cairn India bid for two. Essar Oil bid for one onland block in the Cambay Basin. A total of 75 bids were received for 33 out of the 34 oil and gas blocks that included eight deepwater blocks, seven shallow water and 19 onshore properties.Tepid response to NELP-IX - Hindustan Times
