has sought extension of its license for three blocks
in the Krishna Godavari basin. An empowered committee
of secretaries will take a final decision on the request
empowered committee will also decide on the proposal
for joint development by ONGC and British Petroleum
of another block in the Kutch offshore region by. Licences
for the three KG blocks expire in May 2007 and for the
Kutch block in August 2008.
has agreed to give 50 per cent participating interest
to the two British companies British Gas and
British Petroleum in these four blocks.
with previous extensions also having expired without
any success, the petroleum ministry turned down ONGC''s
request for another
extension and asked it to surrender the blocks.
directorate general of hydrocarbons had also said that
ONGC should return the blocks at the earliest and be
put up for rebidding in the next of NELP.