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Energy

Vedanta bags 41 oil blocks, OIL 9, ONGC 2

Updated : August 29, 2018 06:34 AM IST

State gas utility GAIL, upstream arm of Bharat Petroleum Corp Ltd and Hindustan Oil Exploration Co (HOEC) received one block each, DGH said giving out list of winners of Open Acreage licensing Policy (OALP) round-1.
Vedanta, which had put in bids for all the 55 blocks, won right to explore and produce oil and gas in 41 of them.
Vedanta was the sole bidder for two blocks and had either ONGC or OIL as a direct competitor in the remaining.
Vedanta bags 41 oil blocks, OIL 9, ONGC 2
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