Researched by Industrial Info Resources (Sugar Land, Texas) -- The results of bids for exploration and development rights on 57 oil blocks in India will be revealed by August 31. BHP Billiton Limited (NYSE:BHP) (Melbourne, Australia) is the leading foreign company in submitting bids. Partnered with GVK Oil and Gas Limited, a subsidiary of GVK Power and Infrastructure Limited (BOM:532708) (Secundrabad, India), BHP placed bids on seven of the 12 deepwater blocks. DGH also revealed that BP (NYSE:BP) (London) entered into a partnership with Reliance Industries Limited (BOM:500325) (Mumbai) in bidding for one deepwater block.

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SOURCE: Industrial Info Resources

Story Source: MARKET WIRE