(PTI)
State-owned Oil India Ltd (OIL) Tuesday won 12 out of 32 oil and gas exploration blocks offered in latest auction while Vedanta Ltd walked away with 10 and Oil and Natural Gas Corp (ONGC) got eight blocks. According to the list of winners of Open Acreage Licensing Policy (OALP) Round II and III put out by the Directorate General of Hydrocarbons (DGH), Reliance Industries and its British partner BP Plc won a KG basin gas block. Indian Oil Corp (IOC) also got one block. Reliance-BP combine outbid ONGC in one Krishna Godavari basin block in the Bay of Bengal. This is an area that ONGC had previously relinquished and is said to hold natural gas prospects.
According to DGH, OIL won 6 out of the 14 blocks on offer in OALP-II, while Vedanta walked away with five. ONGC, Reliance-BP and IOC won one block each. In OALP-III, ONGC won 7 blocks while OIL got 6 and Vedanta the remaining five. Bidding for 14 blocks on offer in the Open Acreage Licensing Policy (OALP) round-II and another 18 oil and gas blocks and 5 coal-bed methane (CBM) blocks on offer in OALP-III closed on May 15.
