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.
Showing posts with label upstream. Show all posts
Showing posts with label upstream. Show all posts
Mar 22, 2008
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.
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.
Subscribe to:
Posts (Atom)