Blocks: The Hydrocarbon Exploration and Licensing Policy (HELP) was promulgated on 30 March 2016. Since then seven rounds of the Open Acreage Licensing Programme (OALP) have already been concluded and 134 Exploration & Production blocks awarded comprising 2,07,691 sq. km. of area spread across 19 sedimentary basins.
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| Blocks: Ministry of Petroleum and Natural Gas launches Open Acreage |
In continuation of its zeal to accelerate E&P activities, the Government has now launched the OALP Bid Round-VIII, offering 10 blocks, for International Competitive Bidding on July 7, 2022. The bids can be submitted through a dedicated online e-bidding portal till 1200 hrs.
September 6, 2022. Suc cumulative explcessful award of Round-VIII Blocks would add a further 36,316 sq. km of Exploration Acreage andoration acreage under the OALP regime will be increased to 2,44,007 sq. km.
The Ten blocks under the present bid round
The Ten blocks under the present bid round are spread across 9 Sedimentary Basins and include two Onland blocks, four shallow Water blocks, two Deep Water Blocks, and two Ultra-Deep Water blocks. It is expected that OALP Round VIII would generate an immediate exploration work commitment of around USD 600-700 million.
The Hydrocarbon Exploration & Licensing Policy (HELP), which adopts the Revenue Sharing Contract model, is a giant step toward improving the ‘Ease of Doing Business in the Indian Exploration and Production (E&P) sector.
It comes with attractive and liberal terms like reduced royalty rates, no Oil cess, no revenue share bidding for blocks in Category-II and III Basins, marketing, and pricing freedom, round-the-year bidding, freedom to investors for carving out blocks of their interest, a single license to cover both conventional and unconventional hydrocarbon resources, exploration permission during the entire contract period, and an easy, transparent and swift bidding and awarding process.
The XIIIth Window for submission of Expression of Interest (EoI) is currently open till July 31, 2022.
- ভাৰতীয় সেনাই অগ্নিবীৰ নিযুক্তিৰ বাবে জাননী জাৰি কৰিছে; জুলাই ৯ ৰ পৰা আৰম্ভ হ'ব.
- Jamuna Boro won silver in the Boxing Tournament 'ELORDA CUP.
Details of Blocks on Offer (OALP Bid Round-VII)
S. No.
NAME Of BLOCK
AREA (Sq. Km.)
BASIN
Category
TYPE
1
CB-ONHP-2022/1
188.52
CAMBAY
I
Onland
2
AS-ONHP-2022/1
2057.63
ASSAM SHELF
I
Onland
3
MB-OSHP-2022/1
6059.94
MUMBAI OFFSHORE
I
Shallow Water
4
GK-OSHP-2022/1
765.54
KUTCH
II
Shallow Water
5
KK-OSHP-2022/1
6717.56
KERALA KONKAN
III
Shallow Water
6
BP-OSHP-2022/1
5754.92
BENGAL-PURNEA
III
Shallow Water
7
GS-DWHP-2022/1
2742.7
SAURASHTRA
II
Deep Water
8
KK-DWHP-2022/1
1112.71
KERALA KONKAN
III
Deep Water
9
KG-UDWHP-2022/1
1199.64
KRISHNA- GODAVARI
I
Ultra-Deep Water
10
MN-UDWHP-2022/1
9717.34
MAHANADI
II
Ultra-Deep Water
Total
36,316.50
S. No.
NAME Of BLOCK
AREA (Sq. Km.)
BASIN
Category
TYPE
1
CB-ONHP-2022/1
188.52
CAMBAY
I
Onland
2
AS-ONHP-2022/1
2057.63
ASSAM SHELF
I
Onland
3
MB-OSHP-2022/1
6059.94
MUMBAI OFFSHORE
I
Shallow Water
4
GK-OSHP-2022/1
765.54
KUTCH
II
Shallow Water
5
KK-OSHP-2022/1
6717.56
KERALA KONKAN
III
Shallow Water
6
BP-OSHP-2022/1
5754.92
BENGAL-PURNEA
III
Shallow Water
7
GS-DWHP-2022/1
2742.7
SAURASHTRA
II
Deep Water
8
KK-DWHP-2022/1
1112.71
KERALA KONKAN
III
Deep Water
9
KG-UDWHP-2022/1
1199.64
KRISHNA- GODAVARI
I
Ultra-Deep Water
10
MN-UDWHP-2022/1
9717.34
MAHANADI
II
Ultra-Deep Water
Total
36,316.50