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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
30-August-2012 18:40 IST
Production Sharing Contracts for four Exploration Blocks under NELP-IX signed
PRESS NOTE

 

The Cabinet Committee on Economic Affairs (CCEA) in its meeting held on 23.08.2012   approved  award of 5 blocks to the first  ranked/single/next highest ranking bidder under NELP-IX.   

 

2.    Out of five blocks, Production Sharing Contracts(PSCs)  have been signed in New Delhi today  with the awarded companies for the    following  4 exploration blocks  :

 

1

MB-OSN-2010/2

Oil India Limited(OIL)(OP), Hindustan Petroleum Corporation Limited(HPCL)     and Bharat Petro Resource Limited(BPRL)    

2

AA-ONN-2010/1

 M/s Prize Petroleum Company Ltd (OP)    and ABG Energy(OP)    

3

CB-ONN-2010/8

Bharat Petro Resources Ltd(BPRL)(OP), GAIL (India) Ltd(GAIL)(JOP), Engineers India Ltd(EIL), BF Infrastructure Ltd(BFIL) and Monnet Ispat and Energy Ltd(MIEL)    

4

CB-ONN-2010/9

 

Oil and Natural Gas Corporation Limited  (ONGC)(OP)  

 

 

3.         With signing of  4 PSCs, a total of 18 PSCs have been signed under NELP-IX.  

******

 

Ministry of Petroleum and Natural Gas, Govt of India

Dated the 30th    August,   2012

 

RCJ-NELP-IX-4PSCs-30-08-12