Locals tap global gurus for oil hunt
R. SURYAMURTHY
FULL STEAM
New Delhi, Jan. 1: Several Indian companies are holding talks with oil multinationals for making joint bids in the seventh round of auction for oil and gas blocks.
For this round, the government will give additional weights if domestic companies tie up with multinationals having experience in deep sea exploration and production of oil.
There is a possibility of the world’s largest publicly traded oil and gas company, ExxonMobil, America’s Chevron Corporation and UK giant BG bidding for 57 blocks along with Indian partners, sources said.
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