India is reported to introduce a small number of bidding for the next round of auction of oil and gas exploration blocks by mid-April.
The next round may be split, with a small number of exploration blocks or areas being put up for bidding by April
R S Pandey, Petroleum Secretary, said, "The eighth round under New Exploration Licensing Policy (NELP-VIII) will be announced as early as March-end and certainly by mid-April."
He added that the next round may be split, with a small number of exploration blocks are being put up for bidding by April.
The report added, "If there was a market appetite, more blocks may be offered under the same round or NELP-IX before the year ends. This is not yet finalised. The exercise is still on. We are in the progress of identifying blocks and securing clearances for them."
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