Govt to offer at least 56 oil and gas blocks in Nelp 10 next week
The oil ministry, which has already moved a cabinet note for Nelp 10, plans to invite bids for the blocks in February
New Delhi: The Indian government will offer at least 56 oil and gas blocks in its next round of new exploration and licensing policy (Nelp) auction that will be launched next week, oil secretary Vivek Rae said on Monday.
The oil ministry, which has already moved a cabinet note for Nelp 10, plans to invite bids for the blocks in February.
The oil ministry has recommended revenue-sharing between the companies and the government in place of the current production-sharing mechanism, he said.
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