The government launched the seventh round of the NELP on Thursday, offering 57 oil and gas blocks to national and international players. Of the 57 oil and gas blocks, nine are in shallow water, 19 in deep-sea and 29 on lands. Bids for NELP-VII would close on April 11, 2008, and the entire process would be completed within six months. Promotional road shows for NELP-VII were planned in Mumbai,
Monday, December 17, 2007
Exxon likely to bid for oil blocks in NELP-VII
After staying away from the first six rounds, world’s largest publicly traded oil and gas company ExxonMobil is likely to participate in the upcoming round of New Exploration and Licensing Policy bidding.
The government launched the seventh round of the NELP on Thursday, offering 57 oil and gas blocks to national and international players. Of the 57 oil and gas blocks, nine are in shallow water, 19 in deep-sea and 29 on lands. Bids for NELP-VII would close on April 11, 2008, and the entire process would be completed within six months. Promotional road shows for NELP-VII were planned in Mumbai,London , Houston , Calgary , Singapore and Perth Delhi , London , Houston , Perth and Calgary India is competing with Africa and South America to attract global oil companies to seek reserves and meet surging demand as decades-old fields in North America and the North Sea begin to dry up.
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The government launched the seventh round of the NELP on Thursday, offering 57 oil and gas blocks to national and international players. Of the 57 oil and gas blocks, nine are in shallow water, 19 in deep-sea and 29 on lands. Bids for NELP-VII would close on April 11, 2008, and the entire process would be completed within six months. Promotional road shows for NELP-VII were planned in Mumbai,
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