BHP gives up nine oil & gas exploration blocks in India - TopicsExpress

BHP gives up nine oil & gas exploration blocks in India : Global miner BHP Billiton said it has given up nine oil and gas exploration blocks in India due to its inability to carry out exploration operations there. BHP gave up its interest in six blocks awarded in Indias NELP VII bid round, in which it held 26 per cent interest and GVK held 74 per cent interest as well as three blocks awarded in the NELP VIII bid round in which it held 100 per cent interest. BHP Billiton will keep its 50 per cent interest in its NELP IX block, operated by BG Group.

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