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Award of remaining Exploration Blocks under ninth bid round of New Exploration Licensing Policy (Ministry of Petroleum and Natural Gas of the Republic of India)

Thursday, January 10, 2013

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Award of remaining Exploration Blocks under ninth bid round of New Exploration Licensing Policy (Ministry of Petroleum and Natural Gas of the Republic of India)
Jan 10th 2013, 10:32

(Source: Ministry of Petroleum and Natural Gas of the Republic of India) The Cabinet Committee on Economic Affairs (CCEA) today approved the following after considering the submissions made by Ishar Gasoil Pvt. Ltd., the view of Directorate General of Hydrocarbons (DGH) and recommendations of the Empowered Committee of Secretaries (ECS): (i) Rejection of bids of Ishar Gasoil Pvt. Ltd. for three blocks RJ-ONN-2010/1, GV-ONN-2012/1 and CB-ONN-2010/2 due to negative net worth. Since there is no other bidder for the block...
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