Reliance, ONGC, Cairn in race for Myanmar blocks

Reliance Industries,ONGC Videsh and Cairn India are vying with global energy giants Shell,ConocoPhillips and ExxonMobil for 30o ffshore oil and gas blocks that Myanmar has put on offer.

In all, 61 companies have been pre-qualified to bid for 11 shallow water and 19 deepwater blocks in an international tender, according to Myanmar’s Energy Ministry.

The shortlisted companies from India include RIL, ONGC Videsh (the overseas arm of state-owned Oil and Natural Gas Corp), Oil India Ltd, Cairn India, gas utility GAIL India and Jubilant Offshore Drilling (JODPL).

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