Global majors shun India auction

India failed to woo global players in its latest oil and gas exploration licensing round due to its dim track record of commercial discoveries and sluggish bureaucracy, while most of the 33 blocks went to domestic players.
BP, which has just bought a 30 percent stake in 23 Indian blocks owned by Reliance, did not put in a bid. BG, with BHP Billiton, applied for and won only one block.