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NEW DELHI, Nov. 24 (UPI) -- India's director general of hydrocarbons has recommended the government grant seven key oil blocks in the Krishna-Godavari basin to Reliance Industries Ltd.
The DGH has also dealt a severe blow to the plans of state-owned Oil and Natural Gas Corp. and rejected its bids for a dozen deep-water and four on-land blocks, despite the company being the top- ranked bidder in every asset.
The DGH said ONGC's bids were rejected because relinquished four on-land blocks earlier.
Instead, DGH wants the 12 deep-water blocks to be given to some of the international exploration firms that participated in the sixth round of the new exploration licensing policy, The Business Standard newspaper reported Thursday.
The DGH also suggested that four on-land blocks be allotted to second-ranked bidder -- Suiwah Corp of Malaysia, Kufec-NTPC, Adani Enterprises and HOEC-Tata-BPCL.
It has left the final decision to the empowered committee of secretaries, however. The DGH has given clear recommendations for the award of a total 36 exploration blocks of which nine are deep-water, 6 shallow and 21 on-land.
The recommendation also dealt a blow to the hopes of Essar Oil by rejecting its seven deep-water bids on the ground the company did not meet the eligibility criteria.
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