ONGC bags 4 oil, gas blocks under NELP-IX

Public sector upstream company ONGC has bagged four out of 16 blocks awarded under the ninth round oil and gas acreages auction as an operator.

Under the ninth bid round of New Exploration Licensing Policy (NELP-IX), the Government had received bids for 33 blocks out of 34 offered. Though private sector players like Reliance Industries and Cairn India had bid for the ninth round, they drew a blank.

The other winners include Oil India Ltd and GAIL (India) as well as new and small players like Sankalp Oil and Natural Resources, Deep Energy LLC, Focus Energy, Pratibha Oil and Natural Gas Pvt Ltd, and Pan India Consultants.