India offers 23 oil blocks in 12 sedimentary basins in OALP-III bid round


India offers 23 oil blocks in 12 sedimentary basins in OALP-III bid round

India has offered 23 oil and gas and coal-bed methane blocks for bidding in the third round of Open Acreage Licensing Policy (OLAP). Last date for bidding is April 10.

Oil Minister Dharmendra Pradhan launched the bid  round –III under Open Acreages Licensing Policy (OALP) at Greater Noida, the venue of Petrotech-2019 on Sunday.

“Under this Bid round, 23 blocks, covering over 31,000 sq km od area will be available for exploration,” an official release said.   Read More

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