ONGC wins most blocks in hydrocarbon auction
By IANSMonday, October 12, 2009
NEW DELHI - State-run Oil and Natural Gas Corp (ONGC) has bagged 13 blocks in the latest round of auction of hydrocarbon assets, which saw only about half of the oil blocks receiving bids.
If ONGC is getting those blocks, then they should find resources to meet their commitments, said Petroleum Secretary R.S. Pandey, to a question whether the state company was taking on too much work.
Out of the 70 blocks on offer, only 36 oil blocks have received bids, with 20 blocks getting single bids.
ONGC has bagged 11 offshore and two onland blocks. BHP Billiton has got three blocks, with Cairn Energy getting another two blocks.
YOUR VIEW POINT
