Indian Oil

Indian Oil to hire for exploration
R. SURYAMURTHY

New Delhi, Jan. 7: State-run Indian Oil Corporation, which is planning to venture into domestic oil and gas exploration and production, is increasing its staff strength.

Sources said the company planned to recruit about 50 people at all levels to foray into the exploration and production (E&P) business.

The company plans to bid for small blocks under the seventh Nelp (New Exploration Licensing Policy) round.

Officials said the small blocks would offer the IOC an opportunity to participate on its own as the company had not managed to acquire assets as an operator due to the technical criterion prescribed.