ONGC, Vedanta set to win 9 oil & gas blocks each, OIL 12 in latest auction
State-owned Oil and Natural Gas Corp (ONGC) and mining billionaire Anil Agarwal-led Vedanta Ltd are set to win nine oil and gas blocks each in the latest auction while Reliance Industries and its British partner BP Plc is set to retain a block that contains gas discoveries they had previously made.
Sources said the Directorate General of Hydrocarbons (DGH) has completed the evaluation of the bids received for 32 oil and gas exploration blocks that were auctioned in the latest licensing round.
As per the bid evaluation, ONGC and Vedanta Ltd are top bidders in nine blocks each and state-owned Oil India Ltd (OIL) in 12 areas.
Reliance-BP combine outbid ONGC in one Krishna Godavari basin block in the Bay of Bengal.
