Offshore Bid Round (OALP Bid Round-IX) under HELP

Government announces the offer of 26 blocks covering an area of approximately 2.23 lakh Sq.km for Exploration and Development through International Competitive Bidding. Out of these blocks - 18 carved out by Government & 8 as a result of EoIs received from potential investors.

Features of Offshore Bid Round (OALP Bid Round–IX) are as quoted below:

• 26 Blocks spread over 9 Sedimentary Basins, covering an area of 2,23,031.4 Sq. Km
• Out of 26 Blocks, 15 Blocks are in Ultra Deep-Water, 8 Blocks are in Shallow Water, 3 Blocks are in Onland
• Ultra Deep-Water blocks covers an area of 1,59,439.82 Sq. km, Shallow Water blocks covers an area of 59,925.27 sq.km and Onland blocks covers an area of 3,666.33 sq.km
• Spread over Category-I (11 Blocks) and Category-II (13 Blocks) and Category-III (2 Blocks) Basins