Shares of six offshore oil services providers rose by 2.12% to 8.73% at 15:20 IST on BSE ahead of next round of auction of exploration blocks next week.
Aban Offshore (up 8.73%), Deep Industries (up 3.6%), Dolphin Offshore Enterprises (India) (up 6%), Global Offshore Services (up 3.6%), GOL Offshore (up 5.3%) and Jindal Drilling Industries (up 2.12%), edged higher.
The S&P BSE Sensex was down 69.98 points, or 0.34% at 20,781.35.
Oil secretary Vivek Rae was quoted by the media as saying today, 6 January 2014, that the government will offer at least 56 oil and gas blocks in its next round of auction of exploration blocks that will be launched next week.
The oil ministry, which has already moved a cabinet note for the next exploration licensing round, 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, Rae told the media.
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