INDIA DISCLOSES MORE DETAILS ON ACREAGE OPEN FOR BIDDING

India has disclosed more details about acreage and production sharing contracts (PSCs) offered in the fourth round of bidding this year (OGJ, Sept. 23, p. 17). Included in the latest offering are 72 blocks-39 offshore and 33 onshore-covering almost 1.25 million sq km in 17 sedimentary basins. Block areas range from 80 sq km to 93,000 sq km. India in a draft contract proposes PSC durations of 25 years from date of contract signature for exploration, development, and production of crude oil and

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