Govt launches 8th round of bidding of 10 oil and gas blocks

New Delhi, Jun 5 (IANS): Petroleum Ministry has launched the open acreage licencing programme (OALP), under which 10 blocks would be offered for international competitive bidding under the eighth round.

The government has extended the bid closing date for this particular round till July 5.

The ministry recently introduced significant changes in contractual framework and incentive structure.

The award of OALP eight round will further add 34,364.53 square km of acreage and take the cumulative exploration acreage under OALP to 242,055 square km.

The hydrocarbon exploration and licensing policy (HELP) was promulgated on March 30, 2016.

Since then, seven rounds of OALP have been successfully concluded and 134 E&P blocks have been awarded comprising an area of 2,07,691 square km, spread across 19 sedimentary basins.



Top Stories

Leave a Comment

Title: Govt launches 8th round of bidding of 10 oil and gas blocks

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.