Vedanta, ONGC, RIL-BP in fray for oil, gas blocks offered under OALP-II, III rounds
Vedanta, ONGC, Reliance Industries–BP, Indian Oil Corporation and Bharat PetroResources have bid to develop oil and gas blocks in the second and third rounds of bidding under the Open Acreage License Policy (OALP).
Sun Petrochemicals and GAIL (India) are also in the fray.
“The RIL-BP joint venture has put in one bid. Vedanta has bid for 30 contract areas while ONGC has bid for 20. These bids will be opened on May 25,” an official at the Directorate-General of Hydrocarbons told BusinessLine.
“Fifth window of EoI submission will start on May 16 and will end on November 15,” a DGH statement said.
