OALP 8: ONGC wins seven, Reliance-BP, Sun Petro & Oil India win one block each

State-run Oil and Natural Gas Corporation (ONGC), Reliance Industries-BP consortium, Oil India, and Dilip Shanghvi’s Sun Petrochemicals Pvt. Ltd have won oil and gas exploration blocks in the eighth round of the Open Acreage Licensing Policy (OALP-VIII).

India had offered 10 blocks for bidding of which ONGC won seven, Oil India, Sun Petrochemicals, and a consortium of Reliance Industries Ltd and BP Plc got one area each. Contracts for the 10 blocks were signed on Wednesday.