OALP 8: OALP 8: ONGC wins seven, Reliance-BP, Sun Petro & Oil India win one block each
India had offered 10 blocks for bidding of which ONGC won seven, Oil India, Sun Petrochemicals, and a consortium of Reliance Industries Ltd and BP Plc got one area each. Contracts for the 10 blocks were signed on Wednesday. "Estimated investments in awarded blocks for committed exploration work program is to the tune of $7.4 Million," the press statement added.
Source: indiatimes.com