Last Date For Bidding Of 55 Oil And Gas Blocks Extended


Last Date For Bidding Of 55 Oil And Gas Blocks Extended

The government today pushed back by a month the last date of bidding for a record number of oil and gas blocks to May 2.

Bidding in the auction of 55 exploration blocks on offer for prospecting of oil and as under the open acreage licensing policy (OALP) was to originally close on April 3.

“Attention!! Bid submission date for OALP Bid Round-I is extended till 2nd May, 2018,” the Directorate General of Hydrocarbon (DGH) tweeted.

It did not give any reasons for the extension.
DGH, the upstream technical arm of the ministry of petroleum and natural gas, is currently holding road-shows to attract investors for OALP bid round being held under the new Hydrocarbon Exploration and Licensing Policy (HELP). Read More…

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