Donآ’t expect NELP-V before September this year

Vol 8, PW 6 (16 Jun 04) News in Brief
     

Dont hold your breath for any imminent announcement about the launch of the 5th round of Indias New Exploration Licensing Policy.

Despite the noises coming from the new minister, we understand the DGH doesnt think its a good idea to launch NELP-V before September this year. Original plans to launch NELP-V in May were shelved because of elections.

An oil ministry source tells us NELP-V cannot be launched this month or next because the newly elected government is busy settling down. The budget session of parliament is coming up in July, he said.

Everybody is busy preparing for that. Also, summer holidays in Europe and the US mean, it makes no sense to organise road shows in those parts of the world.

We are told the earliest time would be anytime after September. Up to 20 blocks are likely to be auctioned in NELP-V, half onland and half offshore in deep and shallow water.