|
Government has signed production
sharing contracts for
as many as 13 exploration
blocks out of the total 16 blocks
which were awarded recently under
the ninth bid round of New Exploration
Licensing Policy. Out of the16
exploration blocks awarded to various
companies, 14 are on-land
blocks and 2 are shallow water
blocks. Further, 10 blocks (7 deepwater
and 3 shallow water blocks)
have not been awarded as the bids
were rejected due to low offer of percentage
of profit petroleum by the
bidders. Further, CB-ONN-2010/7
received a single bid, which has
been rejected due to inadequate net
worth of the bidder. Remaining six
blocks will be considered for award
separately. Government had
received bids for 33 blocks out of a
total of 34 blocks offered under
NELP-IX.
With the signing of PSCs for 13
blocks under NELP-IX, Government
has signed a total of 248 PSCs till
date.
ONGC has emerged as the
biggest winner with six blocks followed
by Deep Energy and Sankalp
Oil and Natural Resources with three
each and Focus Energy, Pratibha Oil
and Natural Gas and Pan India Consultants
with one onland block each.
Speaking on the occasion, S.
Jaipal Reddy, Minister of Petroleum
and Natural Gas said that the Government
would like to offer NELP-X
exploration blocks quickly.
|