India announces largest ever auction of hydrocarbon assets
April 9th, 2009 - 1:23 pm ICT by IANSNew Delhi, April 9 (IANS) India Thursday announced the auctions for 80 more hydrocarbon assets in the country, including 10 for coal-bed methane, in the largest such exercise under its new policy on oil and gas exploration.
The 70 oil and gas blocks under round number eight of the new policy include 24 in deep waters, 28 in shallow waters and 18 on-land blocks, Petroleum Secretary R.S. Pandey told reporters here. For coal-bed methane, this is the fourth round of auctions.
The bids from both domestic companies and multinational corporations will be accepted till Aug 10.
So far, 212 blocks have been offered under the seven rounds of what is technically called the new exploration licensing policy.
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- India unveils largest auction of hydrocarbon assets (Lead) - Apr 09, 2009
- Cabinet awards coal-bed methane gas blocks - Jun 24, 2010
- India relaunches auction of areas for oil and natural gas exploration - Aug 08, 2009
- Poor response to India's auction of hydrocarbon assets (Lead) - Oct 12, 2009
- New oil blocks up for auction with no more tax breaks - Oct 15, 2010
- Exploration, production industry urged to gear up - Jan 22, 2010
- Oil regulator says poor response to hydrocarbon auction - Oct 12, 2009
- Oil exploration blocks to be finalised by December - Sep 08, 2009
- Centre signs 31 contracts under New Exploration Licensing Policy - Jun 30, 2010
- India drafting new regime to auction hydrocarbon assets: Secretary (Interview) - Feb 17, 2010
- Petroleum ministry launches new exploration licensing policy - Apr 09, 2009
- India invites Canadian firms for oil exploration - Aug 25, 2009
- KG basin gas output 31 percent lower - Aug 02, 2011
- Bidders response to India's new oil, gas blocks was satisfactory: Jaipal Reddy - Mar 28, 2011
Tags: assets, auction, auctions, coal bed methane, deep waters, exercise, hydrocarbon, India, land blocks, multinational corporations, New Delhi, number eight, oil and gas, oil and gas exploration, petroleum, shallow waters
