Govt receives 24 bids for 21 blocks offered in latest exploration licensing round

​Limited bids in the sixth licensing round means ONGC can win 16 blocks without any contest while it will have to compete with Sun Petrochemicals for three blocks. Oil India too can win the two blocks it has bid for without any contest. The DGH, the oil ministry’s arm that oversees exploration bidding, didn’t say when the winners will be declared.

from Energy-Industry-Economic Times https://ift.tt/3v7amm2