India to offer 34 oil, gas blocks for auction
October 8th, 2010 - 11:33 pm ICT by IANSNew Delhi, Oct 8 (IANS) India will offer 34 blocks in the forthcoming auction of oil and gas assets, Petroleum Minister Murli Deora said in London Friday.
“Under the ninth round of NELP (New Exploration Licensing Policy), government of India will be offering 34 blocks from 10 sedimentary basins,” Deora said at the curtain raiser meeting for the ninth auction round in London.
He said that these would include eight deepwater blocks, seven shallow water blocks and 19 onland blocks, with a total area of 88,807 sq. km.
He pointed out that 87 oil and gas discoveries have been made in 26 exploration blocks offered in previous auction rounds.
– dm/ld/vm
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Tags: curtain raiser, deepwater, exploration blocks, forthcoming auction, gas assets, gas discoveries, government of india, ld, london, murli deora, New Delhi, oil and gas, oil gas, petroleum, shallow water, water blocks