Close on the heels of announcing its plans to invest in a steel plant in Vietnam, Essar group is now looking forward to investing in the oil and gas exploration sector in the country. According to sources, Essar Energy Holdings Ltd β the group oil and gas outfit β has recently participated in the β2nd international bidding round for open blocks in Song Hong Basinβ, offshore northern Vietnam. The bid was submitted for one block on a standalone basis, though the name of the block was not given. Vietnam Oil & Gas Group, known as PetroVietnam, had launched the bidding round in June this year. The blocks are located at average water depths of 60-100 meters covering 50 square km area at 50 to 100 km distance from the shoreline.