Award of remaining Exploration Blocks under Ninth Bid Round of New Exploration Licensing Policy (NELP-IX) and cancellation of two blocks awarded earlier under NELP-IX

Award of remaining Exploration Blocks under Ninth Bid Round of New Exploration Licensing Policy (NELP-IX) and cancellation of two blocks awarded earlier under NELP-IX https://www.taxtmi.com/news?id=3676 Approval cancels awards for two exploration blocks where the awardee declined to sign Production Sharing Contracts, as a deterrent to non serious bidders. Five remaining blocks will be reallocated to the first ranked, single or next highest ranking bidders per bid evaluation criteria, with resultant Production Sharing Contracts to be progressed to accelerate exploration and reserve accretion. en-us Fri, 24 Aug 2012 10:32:32 +0530 Fri, 24 Aug 2012 10:32:32 +0530 TaxTMI RSS Generator Award of remaining Exploration Blocks under Ninth Bid Round of New Exploration Licensing Policy (NELP-IX) and cancellation of two blocks awarded earlier under NELP-IX https://www.taxtmi.com/news?id=3676 Approval cancels awards for two exploration blocks where the awardee declined to sign Production Sharing Contracts, as a deterrent to non serious bidders. Five remaining blocks will be reallocated to the first ranked, single or next highest ranking bidders per bid evaluation criteria, with resultant Production Sharing Contracts to be progressed to accelerate exploration and reserve accretion. News - Fri, 24 Aug 2012 10:32:32 +0530 https://www.taxtmi.com/news?id=3676