The Government will unveil 46 oil and gas blocks on Sunday at Petrotech 2014. The blocks are expected to be auctioned soon under the tenth round of the Government’s New Exploration and Licensing Policy (NELP X).
According to the Ministry of Petroleum and Natural Gas, the explorers would get a view of the geological reserves of the block, while the policy governing the auction would follow in few weeks.
Petrotech 2014, the biennial international oil and gas conference scheduled from January 12, will focus on ‘Vision 2030: The Emerging Global Energy Basket.’ It will discuss the 5Ps (planning, politics, partnership, production and policy) of the E&P (exploration and production) business, said Narendra K. Verma, Chairman, organising and programme committee of Petrotech 2014.
“In this conference, all regulators, national oil companies, private operators, services and ancillary firms, form a combined platform to demonstrate India as a E&P destination,” he said.
Nearly 11 energy ministers from across the world are expected to fly down to the four-day event. Companies from more than 15 countries will participate in the event.
Petrotech 2014 is being jointly organised by the Oil and Natural Gas Corporation Ltd and the PETROTECH Society. The Minister of Petroleum and Natural Gas M. Veerappa Moily is its patron-in-chief.