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Royal Dutch Shell Plc .com: India wants oil blocks back

From Lloyds List
Published: Jul 06, 2006

ONGC, private sector explorer Reliance Industries and international oil majors Shell and British Gas have all been asked by the Indian government to relinquish their rights over ten blocks in the natural gas rich Krishna-Godavari basin in Andhra Pradesh, on the eastern Indian coast, writes Shirish Nadkarni in Mumbai.

The government has decided to take back these blocks, which were given in the late-1990s on a nomination basis in the days before the New Exploration Licensing Policy; and put them up for sale under the sixth round.

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