New Delhi | Business
India on Tuesday opened largest oil and gas bid offering 25 blocks
25 blocks covering 1.91 lakh square kilometers
10th bid round under the Open Acreage Licensing Policy (OALP)
New Delhi: India on Tuesday opened its largest oilandgasbid round, offering 25 blocks covering 1.91 lakh square kilometers mostly in offshore area, as the government looks to boost domestic production to cut imports and help energy security.
Petroleum Minister Hardeep Singh Puri launched the 10th bid round under the Open Acreage Licensing Policy (OALP) at the India Energy Week (IEW). OALP-X round will feature 25 blocks spread over 1,91,986 square kilometers in 13 sedimentary basins. 13 o...
OALP-X round will feature 25 blocks spread over 1,91,986 square kilometers in 13 sedimentary basins. 13 of the blocks are in the offshore area. In the previous nine rounds, 3.78 lakh sq km area was offered.
