Govt postpones NELP VII bid date to April 25
The government has postponed the bid date for 57 oil and gas blocks on offer, under the latest round of New Exploration Licencing Policy, to April 25 from April 11.
By PTI |
NEW DELHI: The government has postponed the bid date for 57 oil and gas blocks on offer, under the latest round of New Exploration Licencing Policy, to April 25 from April 11.
"We have revised the schedule for promotional roadshows in Singapore and Australia. The road show in Singapore will now be held on March 28, and the one in Perth on March 31. This leaves very little time for companies to evaluate data and take a bid so the bid closing date has been postponed," said Anil Jain Joint Secretary (Exploration) Ministry of Petroleum and Natural Gas.
The government has offered 57 oil and gas blocks, including 19 in deep sea, 29 on land and 9 in shallow water areas in the seventh round of auction under the New Exploration Licencing Policy (NELP).
It will complete the bid evaluation, award and signing of production sharing contract by July-August.
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