ExxonMobil, ONGC to bid jointly for upcoming auction rounds under OALP

Will identify areas for exploration in deepwater on east and west coasts of India

Topics
ONGC | Open Acreage Licensing policy

Shine Jacob  |  New Delhi 

American energy giant ExxonMobil and Oil and Natural Gas Corporation (ONGC) are set to jointly bid for the upcoming sixth and seventh auction rounds under the Open Acreage Licensing Policy (OALP). The companies are discussing the submission of expressions of interest (EoI), the last date for which is November 15.

This comes at a time when ONGC is expected to bag seven blocks under the fifth OALP round, while four blocks are likely to go to Oil India (OIL). A formal announcement is likely at any time. “This is going to be a huge development for India’s ...

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First Published: Mon, October 05 2020. 06:10 IST
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