New Delhi,18 Apr:The Seventh Round of New Exploration Licensing Policy (NELP-VII) was launched by Ministry of Petroleum & Natural Gas, Government of India on 13.12.2007 at New Delhi followed by of Road Shows at Mumbai, London, Houston ,Calgary, Singapore and Perth. An overwhelming response of stakeholders including E&P companies, service providers, banks/financial institutions, etc., has been evinced for all 57 blocks on offer (29 onland, 19 deepwater and 9 shallow water) under NELP-VII.
As the last Road Show was held on 31.3.2008 at Perth, Ministry of Petroleum & Natural Gas had been flooded with requests from prospective bidders for extension of bid submission date so as to enable them to form consortium with experienced E&P companies and also to firm up their bid parameters. In view of these requests Ministry of Petroleum & Natural Gas, Government of India has decided to extend the bid submission date for NELP-VII from 25.4.2008 to 16.5.2008. All the prospective bidders are requested to submit their bids not later than 1200 hrs. IST on 16.5.2008 (Friday) for NELP-VII at the Office of Directorate General of Hydrocarbons, C-139, Sector-63, NOIDA, UP-201301 as indicated in Notice Inviting Offers.