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Rediff.com  » Business » Global majors eye Indian oil blocks

Global majors eye Indian oil blocks

Source: PTI
April 25, 2006 17:14 IST
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Twenty-five oil majors, including Woodside, Orient Petroleum and Dalma Energy, attended a roadshow held in Dubai to promote the latest offering of 55 oil and gas blocks under sixth round of New Exploration Licensing Policy.

"The roadshow was attended by 25 companies, including Russia based Zarubezhneft (a subsidiary of Gazprom), Woodside, Dragon Oil Pty, Orient Petroleum, Oil Search, Cresent Petroleum, Dalma Energy and Dragon," a government release said in New Delhi.

The roadshow, which was in continuation of the extensive promotional efforts undertaken to market India's largest
ever offering of 55 exploration blocks covering 352,000 sq kms, was led by Minister of State for Petroleum and Natural Gas Dinsha Patel.

BG Group of UK, Oil and Natural Gas Corp and Oil India Ltd, which are established players in India's E&P
sector and have significant assets in India, shared their experience and success stories. They highlighted the potential of hydrocarbons in Indian sedimentary basins.

In order to facilitate investors, data viewing centres for NELP-VI have been set up at New Delhi, Houston, Perth
and London. At Delhi 34, London 13, Houston 9 and at Perth 7 companies have already booked data rooms.

Bids for NELP-VI close on September 15.

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