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OALP IX round: ONGC, Cairn take lion's share of oil and gas blocks

Business Standard LogoBusiness Standard15h ago

OALP IX round: ONGC, Cairn take lion's share of oil and gas blocks - Business Standard

Quick Summary:

The minister stressed that 76 per cent of the total area under exploration currently was opened up after 2014.

The distribution of these blocks included: onland – 13,875.19 sq km, shallow waters – 26,648.14 sq km, and ultra-deep waters – 96,073.12 sq km.

Earlier this year, bp PLC had won the bid to operate and boost production from state-owned ONGC’s flagship Mumbai High field, which has been witnessing a steady decline in output.

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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 21:12:34 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 379 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27924526

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 251 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://chronographically.beamstart.com/news/oalp-ix-round-ongc-cairn-17447327015739

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