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    India Extends Deadline in 5th Bidding Round

Summary

The round opened in January and had been scheduled to close on March 18.

by: Shardul Sharma

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Natural Gas & LNG News, Asia/Oceania, Corporate, Exploration & Production, Investments, Political, Ministries, Licensing rounds, Supply/Demand, News By Country, India

India Extends Deadline in 5th Bidding Round

The Indian government has pushed back the deadline for bids for 11 oil and gas blocks in its 5th licensing round by a month until April 16, its upstream regulator, the Directorate General of Hydrocarbons, said on March 2 in a statement.

The round opened in January and was due to close on March 18. The blocks on offer are spread across eight basins in six states: eight are onshore and three are offshore – two covering shallow and one ultra-deep waters.

India has awarded 94 blocks in licensing rounds over the past two and a half years, in an aggressive push to bolster investment in its upstream sector.