Offshore companies in bid to revive ageing Indian oil fields

Several offshore firms will bid for a contract worth almost 900 million dollars to increase output from ageing oilfields in India's revolt-hit north-east, officials said Sunday.
Companies from Asia and the Middle East are among eight overseas and 18 domestic firms that will bid for the 40 billion rupee (888 million dollar) project starting in May, a petroleum ministry official, who requested anonymity, told AFP.
"Exploration firms from China, Singapore, Australia, Malaysia and Dubai are among companies that have agreed to bid for the mega oil revival project," the official said.