Oil and Natural Gas Corporation (ONGC) has been awarded six blocks by Ministry of Petroleum and Natural Gas, Government of India under NELP IX. Of the six blocks, the company has bagged four as operator and two as minority partner. Besides, its bids were rejected for 8 areas including five deep-sea blocks.
The government has awarded 16 out of the 33 oil and gas blocks that were bid for in the ninth round of New Exploration Licensing Policy (NELP). The government had offered 34 areas -- eight deepwater blocks, seven shallow water blocks, 11 on-land blocks, and 8 Type-S (or small) on-land blocks, in NELP-IX.
ONGC got operating rights for four blocks -- one alone and three as part of a group -- while a consortium led by Oil India won two blocks. Gail India led consortium was awarded one onshore block in the Cambay basin.
Company Name | CMP |
---|---|
ONGC | 283.25 |
Oil India | 621.25 |
Jindal Drilling&Inds | 779.15 |
Hind Oil Exploration | 209.75 |
Deep Industries | 288.95 |
View more.. |