Indian firms bagged maximum number of licences for oil and gas exploration blocks offered under new eased rules of exploration in the country, according to a list posted on the website of the Directorate General of Hydrocarbons (DGH).
Under the new rules, companies can carve out areas they want to drill for their projects.
State-owned Oil India Ltd and the country’s top explorer Oil and Natural Gas Corp Ltd won 12 and 8 blocks respectively, according to the list.
India’s Reliance Industries Ltd and its partner BP Plc were also awarded a block, DGH said late Tuesday.
Vedanta Ltd, controlled by mining tycoon Anil Agarwal, has bagged 10 oil and gas blocks, DGH added.
