State-owned refiners BPCl, HPCl and IOC alongside a company floated by directors of drugmaker Sun Pharmaceuticals were on Wednesday declared as winners of the much-hyped small oil and gas field discovery auction.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved award of 31 fields out of the 34 that had received bids.
Bharat PetroResources ltd, a unit of Bharat Petroleum Corporation ltd (BPCl), won as many as four of the fields while Hindustan Petroleum Corporation ltd's subsidiary Prize Petroleum and Indian Oil Corporation (IOC) walked away with three each.
Sun Petrochemicals Pvt, a privately-owned company formed by the directors of Sun Pharmaceuticals Industries ltd, won the B-37 Cluster in Mumbai offshore, for which it was the sole bidder. It had bid for 6 out of the 46 fields that were auctioned last year.