New Delhi, April 9 India today launched its largest-ever oil and gas assets auction, the auction in India to offer 70 exploration blocks.
Petroleum Secretary of the Government of India R S Pandey said that for 70 exploration blocks in deep water block for 24, 28 for the shallow water blocks and 18 blocks for the land.
Pandey said according to the oil and gas auction deadline for October 10, 2009.
Pandey said that India's No. 4 oil and gas assets in the auction also offers 10 blocks of coal-bed methane exploration.
According to a Reuters report said that India began in 1999 under the new permit the sale of foreign policy has so far awarded 212 oil and gas blocks.
Source: www.in-en.com Apr. 9, 2009
