Hunt

Centre warms up to oil hunt drill
R. SURYAMURTHY
Under the hammer

New Delhi, Dec. 2: The government is likely to launch a fresh round of oil-and-gas-block auctions after the winter session of Parliament that ends on December 7.

These auctions are part of the government’s new exploration and licence policy, and the upcoming auctions are the seventh in the series.

The auctions will be the largest-ever with 60 oil and gas blocks on sale. Of these blocks, 30 are onshore, 15 are shallow water and 15 deep water and ultra-deep water blocks.