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10th round bidding for oil, gas assets early next yr
The Morning Standard
|September 20, 2024
THE 10th round of bidding for oil and gas assets under the open acreage licensing programme (OALP) will be held in early next year, said a senior official of the petroleum and natural gas ministry.
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Bidding for 28 oil and gas blocks in the ninth round is set to close on September 21, with preparations for the 10th round already underway. The official noted that the Oil (Regulations and Development) Amendment Bill, aimed at reforming the oil and gas exploration sector, is expected to be passed in the upcoming winter session of Parliament. These reforms are anticipated to take effect for the 10th round.
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