Upstream regulator Directorate General of Hydrocarbons (DGH) on Thursday said that in the latest round of bidding, the Oil and Natural Gas Corporation (ONGC) has won 7 out of the 11 oil and gas exploration blocks while Oil India Limited (OIL) won 4 others including 2 in Assam. While two of the blocks won by OIL are in Assam (Assam Shelf & Assam Arakan Basin), the two other blocks are in Rajasthan.  Combay (two), Cauvery, Bengal-Purnea, Gujarat Kutch, Gujarat Saurashtra and Mumbai basins are the blocks won by ONGC.

According to a media report, the Indian government had offered 11 blocks for exploration and production of oil and gas in the fifth bid round under the Open Acreage Licensing Policy (OLAP). Seven bids by ONGC and 4 by OIL – were received for the 11 blocks on offer at the close of bidding on June 30.

According to the report, Invenire Petrodyne Ltd was the only private bidder for one block. OIL was the only bidder in all the four blocks it bid for while ONGC was the sole bidder for six blocks. ONGC won all the 6 blocks where it was the lone bidder.

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