EXPLORATION

Tap looks to India: report

TAP Oil is reportedly among six foreign firms in advanced talks with Indias GAIL to jointly bid f...

According to a Reuters report yesterday, an unnamed GAIL official told the news service that the Indian state-run gas firm planned to bid for about 20 of the blocks on offer in what will be the country’s largest-ever exploration licensing round.

Tap Oil managing director Paul Underwood was unavailable for comment when PetroleumNews.net contacted his office yesterday and this morning.

The acreage under offer includes 24 deepwater, 25 onshore and six shallow water offshore blocks.

The GAIL official was quoted as saying the joint venture would mainly concentrate on onshore and shallow water blocks, but may bid for some deepwater acreage depending on the response from the potential partners.

Besides Tap, GAIL was also reported to be in advanced discussions with Italy’s ENI, Oman’s Petrogas, UK’s Foresight Oil and Calgary’s Silver Bay Resources.

Negotiations were also taking place with several Indian firms, including Gujarat State Petroleum, Jubilant Enpro and Oil and Natural Gas Corp (ONGC).

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry