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Parliament Questions And Answers On Petroleum Sector
GOVERNMENT OF INDIA
MINISTRY OF PETROLEUM AND NATURAL GAS
LOK SABHA
UNSTARRED QUESTION NO 4662
TO BE ANSWERED ON 06.08.2009
AUCTION OF OIL AND GAS BLOCKS
Shri SATPAL MAHARAJ
MINISTRY OF PETROLEUM AND NATURAL GAS
LOK SABHA
UNSTARRED QUESTION NO 4662
TO BE ANSWERED ON 06.08.2009
AUCTION OF OIL AND GAS BLOCKS
Shri SATPAL MAHARAJ
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Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:- (a) whether the Government proposes to relaunch the country’s largest ever auction of oil and gas blocks for exploration; (b) if so, the total number of blocks identified for auction , oil and gas block-wise and area- wise; (c) whether the auction is opened both for public and private companies; (d) if so, the details thereof; (e) the total number of oil blocks awarded so far in New Exploration Licensing Policy-I, II, III & IV under production share contract, list-wise; (f) the total investment made by the contractors in each block, list-wise; (g) the approximate quantity of geological reserves of oil and gas in these blocks, block-wise; MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI JITIN PRASADA) (a) & (b) The eighth bid round of New Exploration Licensing Policy (NELP-VIII) was launched on 09th April, 2009. 70 Exploration blocks have been offered under NELP-VIII. The details are at Annex-I. (c) & (d) National Oil Companies (NOCs) and Private, both Indian and Foreign companies, are required to compete with each other on an equal footing to secure Petroleum Exploration Licenses (PELs). (e) to (g) A Total of 90 of blocks were awarded under NELP-I, II, III & IV. The details of blocks, investment made and reserve established are at Annex-II. |
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