The revenue-sharing contract for the block, which is estimated to hold 2 trillion cubic feet of in-place resources, was signed in September. Invenire received a production licence this month.
Get latest articles and stories on Business at LatestLY. The Ministry of Petroleum and Natural Gas has launched the Open Acreage Licensing Programme Bid Round-VIII , offering 10 blocks for international competitive bidding in order to accelerate the exploration and production of hydrocarbons. Business News | Govt Launches Bidding for 10 Blocks of Hydrocarbon Under Open Acreage Program.
Energy News Monitor | Volume XVIII, Issue 44 orfonline.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orfonline.org Daily Mail and Mail on Sunday newspapers.