India seeks bids in eighth NELP licensing round

04/27/2009
India has invited operators to bid for 70 exploration blocks covering 163,535 sq km under its eighth New Exploration Licensing Policy (NELP 8) round.India has 24 deepwater blocks, 28 shallow–water blocks, and 18 onshore blocks on offer. Of the 24 deepwater blocks, 18 are off western Andaman, an area that is available for the first time. Deepwater blocks also are available in the Mumbai and Kerala–Konkan basins off the west coast.For the oil and gas blocks, operators will have a 7–year exploration period and are to complete their minimum work program within 4 years.Onshore acreage blocks are in the northeastern states of Assam (2 blocks) and Manipur (2), the eastern state...

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