The Vedanta group, that won the maximum number of blocks in the first round of oil and gas auctions under Open Acreage Licensing Policy (OALP), said production at the blocks will start by 2022.
“We should be able to bring the first oil before 2022,” said Sudhir Mathur, chief executive officer at Cairn Oil & Gas, Vedanta’s oil and gas subsidiary.
The Union government has launched the third round of auctions under OALP, in which 23 blocks were put on bidding for global oil and gas majors on Sunday.
