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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 hydrocarbon sector. If ONGC and Exxon are
