The Oil and Natural Gas Corporation (ONGC) has won 7 out of the 11 oil and gas exploration blocks while Oil India Limited (OIL) won 4 others including 2 in Assam, in the latest round of bidding.

This has been confirmed by the Directorate General of Hydrocarbons (DGH).

While two of the blocks won by OIL are in Assam (Assam Shelf & Assam Arakan Basin), the two other blocks are in Rajasthan.

The blocks won by ONGC are in Combay (two), Cauvery, Bengal-Purnea, Gujarat Kutch, Gujarat Saurashtra and Mumbai basins.

According to a media report, the central government had offered 11 blocks for exploration and production of oil and gas in the fifth bid round under the Open Acreage Licensing Policy (OLAP).

A total of 12 bids – seven bids by ONGC and 4 by OIL – were received for the 11 blocks on offer at the close of bidding on June 30.

Invenire Petrodyne Ltd was reportedly the only private bidder for one block.

OIL was the lone bidder in all the four blocks it bid for while ONGC was the sole bidder for six blocks.

ONGC won all the 6 blocks where it was the lone bidder and also the one block where Invenire Petrodyne had bid.


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