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EXPLORATION

India offers 14 blocks for auction starting tomorrow

INDIA yesterday offered 14 blocks for oil and gas exploration in its latest auction round, with the total area coming to 30,000sq.km, worth a total of Rs 40,000 crore (A$8 billion).

Helen Clark
Indian Oil Minister Dharmendra Pradhan

Indian Oil Minister Dharmendra Pradhan

The auction opens today and will end March 12 with blocks awarded in May.    It is the second auction round under India's relatively new and appropriately acronymed Hydrocarbon Exploration and Licensing...

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