RIL-BP wins first block under OALP rounds, Oil India, Vedanta bag the most

Govt likely to clear allotment of blocks to successful bidders this week; The two rounds were initially estimated to attract investment worth Rs 80,000-90,000 cr

Shine Jacob | New Delhi
Last Updated at June 10, 2019 02:00 IST

The country’s largest producer ONGC won a total of eight blocks – seven under OALP-II and a single block under OALP-I

Global major BP Plc and its partner Reliance Industries (RIL) have jointly emerged as the winner of a block in the fresh round of auction under the Open Acreage Licensing Policy (OALP).

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