Press Releases
[New Delhi, 2nd March, 2007]
GAIL signs Production Sharing Contracts for 15 NELP VI Blocks
New Delhi, March 2, 2007. GAIL (India) Limited today signed the Production Sharing Contracts (PSCs) for the 15 oil and gas exploration blocks that it won as a member of various consortiums during the NELP VI round of bidding. Dr. U D Choubey, CMD, GAIL signed the PSCs on behalf of GAIL
For the first time, GAIL has become a joint operator along with GSPC in Block RJ-ONN-2004/1 in Rajasthan.
GAIL in consortium with several national and international companies had participated in 28 blocks under NELP VI.
With these 15 blocks, GAIL now has a substantial E&P portfolio of 30 blocks which include 4 overseas blocks. The company is involved in oil and gas exploration activities over an acreage of over 1.96 lakh sq. km
GAIL consortium (GAIL, Arrow Energy, Tata Power Company and EIG Energy Infrastructure Group) has also been awarded 3 CBM blocks under CBM III bid round.