Press ReleaseSource: Industrial Info Resources

India to Announce Bidding Results for 45 Oil Blocks in August, an Industrial Info News Alert
Friday July 18, 2008 7:30 am ET

BEIJING--(MARKET WIRE)--Jul 18, 2008 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- The results of bids for exploration and development rights on 57 oil blocks in India will be revealed by August 31. BHP Billiton Limited (BHP - News) (Melbourne, Australia) is the leading foreign company in submitting bids. Partnered with GVK Oil and Gas Limited, a subsidiary of GVK Power and Infrastructure Limited (BOM:532708) (Secundrabad, India), BHP placed bids on seven of the 12 deepwater blocks. DGH also revealed that BP (BP - News) (London) entered into a partnership with Reliance Industries Limited (BOM:500325) (Mumbai) in bidding for one deepwater block.

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Source: Industrial Info Resources


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