ONGC wins 7 oil blocks, OIL 4 in latest bid round

NEW DELHI: State-owned Oil and Natural Gas Corp (ONGC NSE -0.07 %) has won seven out of the 11 oil and gas exploration blocks offered for bidding in the latest licensing round, upstream regulator Directorate General of Hydrocarbons (DGH) said Thursday.

Oil India Ltd NSE -0.65 % (OIL) won the remaining four blocks, it said.

The government had offered 11 blocks for exploration and production of oil and gas in the fifth bid round under the Open Acreage Licensing Policy (OLAP).