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Friday, 05 December, 2008, 17:40 GMT | more >>

India sets out Nelp 7 plan



By Upstream staff 

India is preparing to offer 80 oil and gas blocks split evenly between onshore and offshore in its next round of auctions to be held in mid-August, the upstream oil regulator said today.

"We are still finalising the number of on-land and offshore blocks. Most likely, it is going to be 50:50," the head of Directorate General of Hydrocarbon (DGH) VK Sibal said.

The seventh auction under the New Exploration Licencing Policy (Nelp), launched in 1999, had been delayed due to the size of the sale.


Wednesday, 20 June, 2007, 06:43 GMT  | last updated: Wednesday, 20 June, 2007, 07:18 GMT

Under the hammer: Upstream regulator VK Sibal prepares for the next oil and gas block auction
 

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