Poket News

ONGC signs contract for 7 blocks, OIL 4 blocks


  • State-owned  Oil and Natural Gas Corp on 17 Nov signed contracts for 7 oil and gas blocks it had won in the latest bid round that saw scant participation from the private sector.   
  • Oil India Ltd signed up for the remaining 4 blocks awarded under the 5th bid round of Open Acreage Licensing Policy.  
  • Oil Minister Dharmendra Pradhan said with the latest bid round, the govt has in the last 4 years awarded 1.56 lakh square kilometre of acreage  for finding and producing oil and gas.