India’s holds global road shows for fresh hydrocarbon auctions
August 28th, 2009 - 5:42 pm ICT by IANSNew Delhi, Aug 28 (IANS) With successful road shows in North America, Minister of State for Petroleum Jitin Prasada Friday hoped to see more foreign companies participating in the latest round of auctions for India’s hydrocarbon assets.
Prasada held road shows in Calgary in Canada and Houston in the US this month to generate interest in the eighth round of auctions of oil and gas blocks and fourth round of inviting bids for coalbed methane.
Over two dozen foreign exploration and production companies took part in the two road shows including British Gas, British Petroleum, Shell, BHP Billiton, Gaz de France, Gazprom and Niko Resources.
“The government is committed to complete evaluation, award and signing of production sharing contracts in a reasonable time frame and the whole process would be completed in a transparent manner,” said a statement issued by the petroleum ministry.
As per the statement, Prasada hoped that foreign companies would take the advantage of the attractive investment opportunities offered in the latest round of auctions.
The next scheduled road shows will be in London, Perth and Brisbane, with Oct 12 being the last date for receiving bids.
- India invites Canadian firms for oil exploration - Aug 25, 2009
- Exploration, production industry urged to gear up - Jan 22, 2010
- Oil exploration blocks to be finalised by December - Sep 08, 2009
- Poor response to India's auction of hydrocarbon assets (Lead) - Oct 12, 2009
- ONGC wins most blocks in hydrocarbon auction - Oct 12, 2009
- Oil regulator says poor response to hydrocarbon auction - Oct 12, 2009
- Cabinet awards coal-bed methane gas blocks - Jun 24, 2010
- India announces largest ever auction of hydrocarbon assets - Apr 09, 2009
- OVL records highest production from foreign assets - Aug 19, 2010
- India relaunches auction of areas for oil and natural gas exploration - Aug 08, 2009
- ONGC signs new oil and gas block contracts - Jun 30, 2010
- New oil blocks up for auction with no more tax breaks - Oct 15, 2010
- Russian firm to operate two oil fields in Venezuela - Apr 13, 2012
- India unveils largest auction of hydrocarbon assets (Lead) - Apr 09, 2009
- India keen to invest more in Sudan's oil sector - Oct 30, 2010
Tags: attractive investment opportunities, bhp billiton, brisbane, british petroleum, calgary, exploration and production, gaz de france, gazprom, hydrocarbon, last date, methane, minister of state, New Delhi, niko resources, oil and gas, perth, petroleum ministry, prasada, time frame, transparent manner