INDIA OPENS 72 TRACTS FOR EXPLORATION
India has asked for bids in its fourth round of exploration acreage awards. In all, 72 onshore and offshore blocks in 17 basins are on offer. Bidding by foreign and Indian companies is open until Feb. 29, 1992. Negotiation of production sharing contracts will commence in March-April. Contracts are expected to be in final form by October 1992.