KEI-RSOS Petroleum & Energy has announced securing two oil and gas blocks in the KG Basin from the union petroleum and natural gas ministry.
At present, the firm operates five marginal gas fields in the KG Basin and markets the gas to industries,
The allotment of these blocks was part of the discovered small fields in global bids where the bid rounds were launched in May last year and blocks were allot ted under revenue sharing model last week.
The two blocks allotted to the company together hold reserves of over 1,400 million barrels of oil and 35,000 million standard cubic feet of gas.
Image credit: livemint.com