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State oil companies corner one-third of small fields in first auction

It is touted as an auction round that would replicate the shale gas revolution of the US

Press Trust of India  |  New Delhi 

State-owned oil firms IOC, BPCL and HPCL have cornered a third of the 31 small discovered oil and gas fields awarded in the first auction in more than six years. Touted as an auction round that would replicate the shale gas revolution of the US, half of the fields went to new and lesser known entrants like engineering company Megha Engineering & Infrastructure, KEI-RSOS Petroleum, Enquest Drilling and Nippon Power. The Cabinet Committee on Economic Affairs yesterday approved award of 31 fields out of 34 that received bids in the auction that closed on November 21. These fields, ...

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State oil companies corner one-third of small fields in first auction

It is touted as an auction round that would replicate the shale gas revolution of the US

It is touted as an auction round that would replicate the shale gas revolution of the US State-owned oil firms IOC, BPCL and HPCL have cornered a third of the 31 small discovered oil and gas fields awarded in the first auction in more than six years. Touted as an auction round that would replicate the shale gas revolution of the US, half of the fields went to new and lesser known entrants like engineering company Megha Engineering & Infrastructure, KEI-RSOS Petroleum, Enquest Drilling and Nippon Power. The Cabinet Committee on Economic Affairs yesterday approved award of 31 fields out of 34 that received bids in the auction that closed on November 21. These fields, ... image
Business Standard
177 22

State oil companies corner one-third of small fields in first auction

It is touted as an auction round that would replicate the shale gas revolution of the US

State-owned oil firms IOC, BPCL and HPCL have cornered a third of the 31 small discovered oil and gas fields awarded in the first auction in more than six years. Touted as an auction round that would replicate the shale gas revolution of the US, half of the fields went to new and lesser known entrants like engineering company Megha Engineering & Infrastructure, KEI-RSOS Petroleum, Enquest Drilling and Nippon Power. The Cabinet Committee on Economic Affairs yesterday approved award of 31 fields out of 34 that received bids in the auction that closed on November 21. These fields, ...

image
Business Standard
177 22