OALP-VII: ONGC, OIL, GAIL emerge winners for production of oil and gas
- ONGC won 3 blocks in the OALP-VII round, OIL won two, GAIL walked away with one block in Rajasthan while Sun Petrochemicals Pvt Ltd won the remaining two blocks.
With the government launched the next bidding round, aiming to raise $600-700 million in the 10 areas on offer, public sector undertakings ONGC, OIL and GAIL walked away with most of the eight blocks offered for exploration and production of oil and gas in the Open Acreage Licensing Policy (OALP) 7th bid round.
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