India launched its second auction of small discovered oil and gas blocks Aug. 9 as the south Asian nation looks to quickly monetize its hydrocarbon resources.
The bidding for 59 fields will begin in the first week of September and will close on Dec. 18.
The contracts will be awarded in January, oil minister Dharmendra Pradhan said.
The blocks offered under the latest round have reserves of about 1.4 billion barrels, he added.
Titan Energy retained PetroDivest Advisors for the sale of producing properties, gathering systems and leasehold in the Mississippi Lime play across Oklahoma.
323 Exploration retained EnergyNet for the sale of more than 12,000 net leasehold acres in West Texas through a sealed-bid offering.
Ventana Partners retained RedOaks Energy Advisors for the sale of nonoperated properties located primarily in the Delaware Basin.