Bring a birthday cake if you bid for NELP-V

Vol 9, PW 3 (18 May 05) News in Brief

Anyone bidding for acreage under NELP-V should know that the 31st May bid deadline is also the birthday of oil minister Mani Shankar Aiyars eldest daughter Suranya.

Aiyar told a one-day Infraline-promoted seminar in Delhi on 9th May he hoped that bids submitted on 31st May would give him the same sense of elation as when his daughter was born in 1974. The response we have seen so far, said Aiyar, makes me believe we will have substantially more participation than in the last four rounds.

Hunt Oil of the US, Petrobras of Brazil, ENI of Italy, ITERA of Russia and Orient Petroleum of Dubai were among newcomers to India that attended the seminar on preparing bids for NELP-V. Joint secretary exploration Sunjoy Joshi told delegates perceptions are changing about Indias exploration sector and that, a lot has happened in the Indian E&P sector over the last three years - a reference to recent discoveries by Cairn and Reliance.