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CCEA approves oil block bids, ONGC bags 13, RIL 9

Cabinet Committee on Economic Affairs on Monday approved the bids for 23 oil and gas blocks on offer under the third round of New Exploration Licensing Policy to Oil and Natural Gas Corporation.

Reliance Industries, in consortium with Hardy Oil of UK, was awarded nine blocks including seven of the nine prime deepwater blocks on offer, government sources said.

Scottish explorer Cairn Energy and Premier Oil of UK drew blank in the third round of NELP where the government received 45 bids for 23 out of the 27 exploration blocks on offer.

Gujarat State Petroleum Corporation, in consortium with Geo Global Resources (India) Ltd and Jubiliant Enpro India Ltd, was the third successful company, bagging the KG-OSN-2001/3 offshore blocks in Krishna Godavari Basin.

ONGC bagged 8 out of the 11onland blocks on offer sources said adding three onland blocks in Bengal (WB-ONN-2001/1), Bihar (PA-ONN-2001/1) and Madhya Pradesh (VN-ONN-2001/1) received no bids.

Besides, ONGC also got three out of the seven offshore blocks on offer. RIL got two while one block KK-OSN-2001/1 in Kerala-Konkan basis did not attract any bid.

ONGC was the sole bidder in HF-ONN-2001/1 onland block in Himachal Pradesh, AA-ONN-2001/4 onland block in Nagaland and PG-ONN-2001/1 onland blocks in Andhra Pradesh.

ONGC, in consortium with Oil India Ltd, was the sole bidder in RJ-ONN-2001/1 onland block in Rajasthan. ONGC-Indian Oil consortium is the sole bidder in AA-ONN-2001/2 onland block in Mizoram, sources added.

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