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10 oil & gas blocks open for bidding

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The government has offered ten oil and gas blocks for competitive bidding in the eighth exploration licensing round under the new open acreage policy.

The bids can be submitted through a dedicated e-bidding portal till September 6, according to a statement by the oil ministry.

The ten blocks in the current round are spread across nine sedimentary basins and comprise two on-land, four shallow water, two deep-water, and two ultra-deep-water blocks.

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