The Indian government on Wednesday started the fifth round of international competitive bidding, offering 11 oil and natural gas fields for exploration and development under new financial terms. “In continuation of our aggressive acceleration of exploration and production activities and adhering to prescribed timelines, the government has now launched Round-V for international competitive bidding. In this round, an area of approximately 19 800 km2 is on offer for bidding by the investor community,” the government said in a statement.
