New Delhi, April 15 -- The results of the ninth round of auctions for 28 hydrocarbon blocks under the Centre's Open Acreage Licensing Policy (OALP) were announced on Tuesday, with state-run Oil and Natural Gas Corporation (ONGC) securing 15 blocks-four in partnership with other players, and 11 independently, according to an official statement by ministry of petroleum and natural gas. Oil India Limited bagged nine blocks, including three with ONGC. And Vedanta Group's Cairn Oil & Gas secured seven blocks.

ONGC has tied up with Reliance Industries Ltd and London-headquartered bp plc for a block in the Saurashtra Basin. To be sure, this marks the entry of bp into India's upstream exploration & production (E&P) space. ONGC bagged three more ...