Petroleum Ministry Offers 10 Blocks In Eighth Round Of OALP Bid, Expects Exploration Work Commitment Of $600-700 Million swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.
Accelerating the oil exploration and production activities in India, the Central government on Thursday launched the eighth round of Open Acreage Licensing Programme (OALP) Bid Round.The Indian government is offering 10 blocks for International .
Licensing round February update pemedianetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pemedianetwork.com Daily Mail and Mail on Sunday newspapers.
Since the launch of HELP on 30 March 2016, five rounds of OALP have been concluded for 105 E&P blocks; award of 21 blocks under sixth round of OALP is under progress.
Covering a 15,766 sq km area, the auction is expected to generate up to $400 million in immediate investment. However, it is also likely to face some challenges.