India launched its second oil and gas licensing round in mid-December, putting up 25 land and offshore blocks in 13 basins.
Eight blocks are in deep water off the west coast, eight are in shallow water, and nine are on land. The deepwater blocks are in 400 m of water or more. Bids are due by Mar. 31, 2001.
Data rooms were to be opened in Delhi, London, and Houston. Petroleum and Natural Gas Minister Ram Naik said presentations will be made in Delhi Jan. 9, London Jan. 18, Houston Jan. 22, Tokyo Feb. 5, and Singapore Feb. 8.
The ministry retained IHS Energy Group to maintain a website and as an advisor for the round, to be conducted under the New Exploration Licensing Policy.
Gas Authority of India Ltd. (GAIL) has joined with three other prominent oil and gas companies to bid for Indian exploration blocks, OGJ Online reported. GAIL has also joined a consortium to import liquefied natural gas.
GAIL and its partners-Royal Dutch/Shell Group, India's state-owned Oil & Natural Gas Corp., and Russian oil company Gazprom-will form a consortium to bid for some of the 25 blocks.
"We will not bid for any block alone," said GAIL chairman C.R. Prasad. "The four of us will bid jointly ellipse We are interested in deepwater blocks."
GAIL has also forged a three-way LNG joint venture with French company TotalFinaElf SA and the Indian Tata Group. Each parent would hold a third of the new company.
The company would import 3 million tonnes of LNG. It may add another 3 million tonnes at a later stage. It is negotiating with Oman, Yemen, and Qatar for the supply of LNG.
The Coastal Regulatory Zone has already issued clearances for the $600 million import facilities, and other environmental clearances are expected shortly.
"April 2001 is being conceived as the zero date for the project," Prasad said. "We will invite bids for the EPC [equipment, procurement, and construction] contract for the import facilities by June 2001; and should be able to start actual imports of LNG by mid-2004."
GAIL will also invest another 5 billion rupees ($107.5 million) to upgrade its existing pipelines for transportation of LNG from the proposed joint venture.
