Open Acreage Licensing Policy (OALP) Bid Round-IV under HELP

Government has launched OALP Bid Round-IV on 27th August, 2019 offering 7 Blocks for Exploration and Development through International Competitive Bidding.

Features of OALP Bid Round–IV are as quoted below:

  • 7 Blocks spread over 3 Sedimentary Basins, 3 States covering 18,510 Sq. Km of area
  • All 7 Blocks belongs to Onland Category
  • Spread over Category-I, Category -II and Category-III Basins
  • All 7 Blocks are based on EoI submitted by the Prospective Bidders
  • Adopts all features of HELP (as revised) - reduced Royalty Rates, no Oil Cess, uniform licensing system, marketing and pricing freedom, Revenue Sharing Model, Exploration rights on all retained area for full contract life, Concessional Royalty Rates in case of early commercial production, no revenue sharing in Blocks falling in Category –II and III Basins except in case of Wind fall gain etc.
Notice Inviting Offer (NIO) Model Revenue Sharing Contract (MRSC) Modalities for Operationalization of OALP Technical Brochure Salient features of Policy Reforms in Indian E&P Sector
OALP Bid Round- IV Launched on 27/08/2019
Bid submission open date : 27/08/2019
Bid submission closing date : 31/10/2019

For bidding details please visit DGH e-Bidding Portal
In view of recent Policy Reforms and changes aligned to promote “Ease of Doing Business”, the EoI submission cycle is increased from two to three times in a year as follows :
  • Window – 1 : 1st April to 31st July
  • Window – 2 : 1st August to 30th November
  • Window – 3 : 1st December to 31st March
Accordingly, the fifth EoI submission window which started on 16th May, 2019 will dovetail into window -2 and end on 30th November, 2019
Fifth window of EoI submission has started on 16th May, 2019 and will end on 30th November, 2019. Parameters of new Policy Reforms published vide Resolution dated 28/02/2019 shall apply from OALP-IV onwards only.

No events to display