ONGC wins 18 out of 21 oil, gas blocks in OALP-VI bid round, OIL gets 2
State-owned Oil and Natural Gas Corporation (ONGC) has won 18 out of the 21 areas offered for finding and producing oil and gas in the sixth bid round under Open Acreage Licensing Policy, according to the upstream regulator DGH.
Oil India Ltd (OIL) walked away with two blocks and Sun Petrochemicals Pvt Ltd got one block, the Directorate General of Hydrocarbons said announcing the winners of the OALP-VI round.
The 21 blocks or areas offered for exploration and production of oil and gas in Open Acreage Licensing Policy (OALP) Bid Round-VI attracted just 3 bidders at the close of bidding on October 6, 2021.
