Open Acreage Licensing Policy

10th oil, gas bidding round may offer 'no-go' areas: Oil ministry official

India is likely to offer areas classified as 'no-go' areas in the tenth round of bidding for exploring and producing oil and gas in early 2025, a top oil ministry official said on Thursday. Bids for 28 oil and gas blocks offered in the ninth Open Acreage Licensing Policy (OALP) round closes on September 21 and the 10th round is in works, the official, speaking on condition of anonymity, told reporters here. OALP-X round will happen after the Parliament approves in the ensuing winter session amendments to the Oilfields (Regulation and Development) Act (ORDA) of 1948 to expand definition of mineral oils to include any naturally occurring hydrocarbon, coal-bed methane and shale gas/oil. The amendment also replaces mining lease with petroleum lease and decriminalises certain offences. "We hope that the amendments will be approved in the winter session of Parliament (likely in November/December). The changes are expected to bring confidence for the potential bidders for OALP X exploratio

Biggest-ever round of oil and gas blocks may be open for bidding in Nov

The 26 blocks earmarked by the Directorate General of Hydrocarbons (DGH) for exploration and development of oil and gas under OALP IX, constitutes the largest-ever area offered by the government

Wheat acreage till Nov 18 up 15% YoY, record open market prices spur sowing

Centre refutes the assertion of artificial shortage of fertilisers in country

Govt offers 42 hydrocarbon blocks for exploration and development

As many as 26 mainly offshore oil and gas blocks and 16 coal bed methane blocks have been notified for international bidding as India aims to quickly increase the area under exploration

Paddy acreage deficit goes down from 15% to 6% in a span of 14 days

The saving grace is that unlike wheat, rice stocks in the central pool are much higher than required

ExxonMobil, ONGC to bid jointly for upcoming auction rounds under OALP

Will identify areas for exploration in deepwater on east and west coasts of India

Covid-19: Cairn invokes force majeure on exploration; seeks relief in OALP

The company wants an extension of timelines for the blocks it won under the Open Acreage Licensing Policy (OALP) rounds

India's ambitious oil, gas production target faces environmental roadblock

A few companies who got blocks under DSF-I are considering surrender of their blocks too as they are left with only three months to start production

3rd round of oil, gas auction under OALP launched; 23 blocks up for bidding

It is expected that OALP round-III would generate immediate exploration work commitment of around $600-700 mn

3rd OALP round for oil, gas exploration launched; 23 blocks up for bidding

The third round of bidding is expected to generate up to $700 million, the government said

Vedanta gets 41 oil blocks out of 55 in first round of open acreage auction

The current round was in the news owing to ONGC's non-aggressive bidding strategy

Vedanta bags 41 oil blocks, OIL 9, ONGC 2 in maiden open acreage auction

Neither local giant Reliance Industries nor any foreign company participated in the auction

Modi government extends Open Acreage Licensing Policy deadline to May 2

At least 12 companies are likely to participate in the bidding, in which 55 blocks will go under the hammer

Unified licensing will be gamechanger in OAL: DGH Atanu Chakraborty

The govt has already got the majority of the clearances required for the current round of auctions

Second round of OALP auctions to start in May

Bidding stage of the first round of auctions is set to kick off next week