ONGC wins five coal bed methane blocks

Nov 25, 2003 01:00 AM

State-run Oil and Natural Gas Corp (ONGC) has won five of the nine coal bed methane blocks on offer while Reliance Industries has clinched three. The government had received fourteen bids for eight out of the nine blocks on offer for exploration and production of gas from coal seams, while the Godavari block GV(North)-CBM-2003/11 elicited no interest, official sources said.
RIL took two Rajasthan blocks as the lone bidder but outbid ONGC in the Chattisgarh block. ONGC walked away with two blocks as the lone bidder, and its technical strength proved too big a barrier to its strongest competitors -- RIL and the Coal India-GAIL combine -- in the other three closely contested blocks.

Sources said the awards, approved by Directorate General of Hydrocarbons (DGH), will be put before the Cabinet for approval. ONGC beat Great Eastern Energy Corp Ltd (GEECL) and Coal India-Gail combine to wrest SK-CBM-2003/II block in Jharkhand while RIL took the Barmer coal field based CBM blocks of BS(1)-CBM-2003/II and BS(2)-CBM-2003/II in Rajasthan, where it was the sole bidder.
ONGC was the sole bidder in the ST-CBM-2003/II block in Madhya Pradesh. Coal India-GAIL combine lost NK(West)-CBM-2003/II block to ONGC, while ONGC-Gujarat State Petroleum Corp (GSPC) pipped RIL in BS-(3)-CBM-2003/II block in Gujarat.

The WD-CBM-2003/II block in the Wardha coal fields of Maharashtra also went to ONGC on a single bid basis.
Reliance outbid ONGC for Sonhat block SH(North)-CBM-2003/II, in the Gondwana coal fields.

Source: Hindustan Times
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« November 2019 »
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30

Register to announce Your Event

View All Events