Vedanta shortlists Lloyd’s Register for managing oil and gas blocks

NEW DELHI: Vedanta has shortlisted Lloyd’s Register for integrated project management of the 41 oil and gas blocks it was awarded under Open Acreage License Policy (OALP), the company said in a statement.

Vedanta, which produces about a quarter of the country’s crude oil, had won 41 of the 55 exploration blocks auctioned in the first round of OALP last year. The Lloyd's Register Group is one of the world’s leading providers of professional services for engineering and technology with presence in more than 75 countries, Vedanta said.

Vedanta is aggressively driving towards exploration in the new blocks and the shortlisting for integrated project management is a significant step in this direction, the company said. Vedanta has already received Petroleum Exploration Licenses (PEL) for 11 of the 41 blocks.