Oil and Natural Gas Corporation (ONGC) has bid for
the maximum number of oil and gas blocks offered under
the sixth round of auction under the New Exploration
Licensing Policy (NELP). ONGC placed bids for about
45 of the 55 oil and gas blocks on offer in NELP VI.
has teamed up with BP, BG, ENI for bidding for deep-sea
block and wit Cairn Energy, GAIL, HPCL and Oil India
for other offshore and on-land blocks.
sixth round of NLEP also witnessed a new trend of multiple
tie-ups among bidders.
state-owned GAIL (India) Ltd has tied up with as many
as 16 domestic and foreign firms to bid for around 20
out of the 55 blocks on offer.
of now, GAIL and ONGC seem to be the only two companies
to have entered into maximum of tie-ups for blocks on
offer under NELP-VI.
Industries has submitted bids for about 20 blocks while
Anil Ambani Group''s RNRL placed bids for 12 blocks (none
of them being deep water blocks). The Anil Ambani group
tied up with Ukraine''s Naftogaz for putting in the bids.
has bid for two Mahanadi basin deepwater blocks with
ONGC. Cairn Energy has bid for 12 blocks where the British
company is operator in seven blocks.
companies submitting bids include Indian Oil Corporation,
GSPC, Videocon and Tata Petrodyne.
India''s biggest exploration licensing round so far with
55 exploration blocks on offer, has received bids from
oil biggies, including Chevron, ExxonMobil, Petronas,
Petrobras, Conoco Phillips and Royal Dutch Shell.
many as 47 companies, including 30 foreign majors had
data for the 55 blocks on offer.
offered blocks include 24 deep-water blocks, of which
seven are in the KG basin. The 25 onshore blocks include
three in Rajasthan. There are also six offshore blocks
in shallow waters.