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MoPNG awards 10 blocks under 0ALP Bid Round-VIII 3 CBM blocks under bid round-'22
The Business Guardian
|January 04, 2024
In a crucial step in ensuring India’s energy security, Ministry of Petroleum and Natural Gas (MoPNG) on Wednesday signed contracts for 10 blocks awarded under Open Acreage Licensing Policy (OALP) bid Round-VIII and three coal bed methane (CBM) blocks awarded under special CBM Bid RoundSCBM 2022.
The Ministry also launched OALP-IX bid round wherein 28 blocks, with an area of approximately 1,36,596 square km are on offer for bidding.
In OALP Bid Round-IX launched for international competitive bidding, 28 blocks with an area of approximately 1,36,596 sq. km, are on offer for bidding. Out of these, 23 blocks are based on expression of interests received from companies during April 2022 to March 2023 and 5 blocks have been carved out by DGH. The first seven OALP bid rounds led to an award of 134 blocks, covering an area of about 2,07,691 sq. km. to leading E&P companies. Now, with the award of 10 more blocks under Round VIII, a total of 144 exploratory blocks have been awarded under HELP regime covering an area of 2,42,055 sq. km.
This story is from the January 04, 2024 edition of The Business Guardian.
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