OVER 50 COMPANIES/ORGANIZATIONS EACH ATTEND THE ROAD SHOWS
The Minister of State for Petroleum & Natural Gas has returned from highly successful visit to US and Canada in connection with chairing Road Shows for promoting the 8th round of offers under New Exploration Licensing Policy (NELP-VIII) and 4th round of offers under Coal Bed Methane(CBM-IV). Speaking at the road shows Shri Prasada invited E&P companies to be part of the highly attractive offers in the Indian basins. He also emphasized that over two dozen foreign companies like British Gas, British Petroleum , Shell, ENI, Gaz de France, BHP Billiton, Santos, Gazprom, Nafotgaz, Cairn Energy, Niko Resources, Hardy Exploration & Production etc. The Minister further informed that over 70 oil and gas discoveries have been made in the blocks offered under NELP. He expressed hope that the E&P companies would take the advantage of the attractive investment opportunities offered in NELP-VIII and CBM-IV.
A total of 94 delegates from more than 50 companies/Organisations including some the leading E&P companies and service providers participated in the successfully held road show at Calgary. These included 17 E&P companies, 29 oil and gas field service providers and 10 other organizations, including investors. Some of the main E&P companies which participated in the Roadshow were Canoro Resources, Alberta Oilsands Inc, Pengrowth, Husky Energy, Oil India Limited, BG India, GAIL India Limited, Niko Resources Limited, TransGlobe Energy, Plan Energy Inc, Crew Energy Inc, etc.
The Road Show at Houston (US) on August 20, 2009 was attended by 52 companies and organizations which also featured an investors’ round table on the sideline. These included 27 E&P companies/Organisations including the leading E&P companies and 25 non E&P companies. Some of the main E&P companies which participated in the Roadshow were Conoco Philips, Noble Energy, Exxon Mobil, Petrotel, BHP Billiton, Devon Energy, Hess Corporation, BP, BG, Apache, TOTAL, RIL and ONGC etc. The concerns of US companies were clarified by the Indian Delegation.
To facilitate data viewing by Exploration and Production companies, the Government of India has opened a data centre at Noida , India, and at other centres at Houston, London, Calgary and Perth, the data centres will be available for access on request. The data for NELP-VIII &CBM-IV can be viewed by companies at any of these centres as well as online through website and thereafter interested companies may purchase data.
Promotional Roadshows for NELP-VIII and CBM-IV have been planned also at London ( 8-9 September 2009), Perth ( 22nd September 2009) and Brisbane ( 24-25 September 2009).
The bid closing date for NELP-VIII and CBM-IV is 12th October, 2009. It is expected that NELP-VIII and CBM-IV bid rounds would result in a very good response from E&P companies and prospective investors as they are likely to avail of the excellent investment opportunities being offered through NELP-VIII and CBM-IV. Government is committed to complete evaluation, award and signing of production Sharing Contracts in a reasonable time frame and the whole process would be completed in a transparent manner as demonstrated in past rounds of NELP &CBM.
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