Oil ministry seeks speedy nod for 20 blocks
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OIL & GAS

Oil ministry seeks speedy nod for 20 blocks

01 Feb 2013 1 Min Read CW Team
Of the 52 oil and gas blocks, which are awaiting clearances from the defence and environment ministries, the oil ministry plans to request the Cabinet Committee on Investment (CCI) to expedite nod for 20 offshore exploration blocks. Speedy clearance for these blocks would benefit prospective contractors like RIL, Cairn, BP, BHP Billiton, ONGC. These blocks were awarded to firms under the New Exploration Licensing Policy (NELP) rounds.

Of the 52 oil and gas blocks, which are awaiting clearances from the defence and environment ministries, the oil ministry plans to request the Cabinet Committee on Investment (CCI) to expedite nod for 20 offshore exploration blocks. Speedy clearance for these blocks would benefit prospective contractors like RIL, Cairn, BP, BHP Billiton, ONGC. These blocks were awarded to firms under the New Exploration Licensing Policy (NELP) rounds.

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