+
ONGC wins 11 Oil Blocks in Ninth Auction Round
OIL & GAS

ONGC wins 11 Oil Blocks in Ninth Auction Round

State-run ONGC has emerged as the top performer in OALP Round IX, winning 11 blocks independently and four more in partnerships, bringing its total to 15 blocks out of the 28 offered.

The latest auction, under the Open Acreage Licensing Policy, saw participation from public and private firms across 136,596 square kilometres of oil and gas fields. These include over 13,800 square kilometres of onshore blocks, 26,600 square kilometres of shallow-water zones, and 96,000 square kilometres of ultra-deepwater areas.

Cairn, the private exploration firm, bid for all 28 blocks and secured seven. Meanwhile, BP, the UK-based energy major, won its first Indian exploration block in partnership with ONGC and Reliance Industries. The consortium acquired block GS-OSHP-2022/2 in the Saurashtra basin, with a stake split of ONGC (40 per cent), Reliance (30 per cent) and BP (30 per cent). Earlier this year, BP also won the bid to operate the Mumbai High field, a key ONGC asset.

The government also launched a public consultation portal for the Draft Petroleum and Natural Gas Rules, 2025. These rules cover lease renewals, site restoration, unitisation, dispute resolution, and decarbonisation. The draft aims to operationalise new provisions under the Oilfields Regulation and Development Act.

Petroleum Minister Hardeep Singh Puri said the country accounts for a quarter of the expected global energy demand growth over the next two decades. He added that 76 per cent of India’s current exploration area was opened post-2014.

Source: Business Standard

State-run ONGC has emerged as the top performer in OALP Round IX, winning 11 blocks independently and four more in partnerships, bringing its total to 15 blocks out of the 28 offered. The latest auction, under the Open Acreage Licensing Policy, saw participation from public and private firms across 136,596 square kilometres of oil and gas fields. These include over 13,800 square kilometres of onshore blocks, 26,600 square kilometres of shallow-water zones, and 96,000 square kilometres of ultra-deepwater areas. Cairn, the private exploration firm, bid for all 28 blocks and secured seven. Meanwhile, BP, the UK-based energy major, won its first Indian exploration block in partnership with ONGC and Reliance Industries. The consortium acquired block GS-OSHP-2022/2 in the Saurashtra basin, with a stake split of ONGC (40 per cent), Reliance (30 per cent) and BP (30 per cent). Earlier this year, BP also won the bid to operate the Mumbai High field, a key ONGC asset. The government also launched a public consultation portal for the Draft Petroleum and Natural Gas Rules, 2025. These rules cover lease renewals, site restoration, unitisation, dispute resolution, and decarbonisation. The draft aims to operationalise new provisions under the Oilfields Regulation and Development Act. Petroleum Minister Hardeep Singh Puri said the country accounts for a quarter of the expected global energy demand growth over the next two decades. He added that 76 per cent of India’s current exploration area was opened post-2014. Source: Business Standard

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?