Bid Round V

Pradhan urged ONGC and OIL to farm out OALP areas so as to bring in international players into exploration activities and run the business in a professional manner

Petroleum Secretary Tarun Kapoor has said that the government is going to come up with more reforms in the exploration and production (E&P) sector

The Round 5 bid under OALP has received bids from only 12 entities and all the bids, barring one, have come from state-run OIL and ONGC