ONGC wins 18 out of 21 oil, gas blocks in OALP-VI bid round

According to the Directorate General of Hydrocarbons, ONGC has won 18 out of the 21 areas offered for finding and producing oil and gas in the six­th bid round under the Open Acreage Licensing Policy. OIL won two blocks and Sun Petrochemicals Private Limited won one block. ONGC had bid for 19 blocks, while OIL bid for two. ONGC was the sole bidder for 16 blocks, and OIL was the only bidder for the two areas it sought. Sun Petrochemicals bid for three blocks.