ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, has been shortlisted alongside global giants like Chevron, Shell and Total to bid in Mexico’s latest round of oil and gas field auction.
Mexico is offering 15 shallow-water exploration blocks in the second round of hydrocarbon auction, called round 2.1. These blocks cover a combined area of 8,908 sq km and hold prospective resources of 4 billion barrels of oil and oil equivalent gas.
Mexico’s upstream regulator CNH had prequalified 36 bidders for round 2.1, industry sources said. Read More…
Credit By: Business Standard
Latest posts by Business-Standard.com (see all)
- After Train Accidents, Prabhu ‘offers To Resign’, PM Asks Him To Wait – August 23, 2017
- GE’s Banmali Agrawala To Join Tata Sons, Will Lead Realty, Infra Clusters – August 23, 2017
- RIL’s Ethane Project To Add $300 Mn To Petrochem Business’ Operating Profit – August 23, 2017