OALP Bid Round-IX

Government has launched OALP Bid Round-IX on 3rd January 2024 offering 28 Blocks for Exploration and Development through International Competitive Bidding. This time, the Government has combined the areas received during Expressions of Interest (EoI) cycle XIII, XIV & XV. Eight (8) blocks are based on EoIs received during Window-XIII from April 1, 2022 to July 31 2022, eight (8) blocks are based on EoIs received during Window-XIV from August 1, 2022 to November 30, 2022, seven (7) blocks are based on EoIs received during Window-XV from December 1, 2022 to March 31, 2023 and Five (5) are DGH carved out blocks.

The features of the OALP Bid Round–IX are outlined as follows:

  • 28 Blocks spread over eight (8) Sedimentary Basins, covering an area of 1,36,596.45 Sq. Km
  • Out of 28 Blocks, 9 Blocks are in Onland, 8 Blocks are in Shallow Water, and 11 Blocks are in Ultra Deep-Water areas
  • Spread over Category-I (16 Blocks) and Category-II (12 Blocks) Basins
  • Adopts all features of HELP such as:
    • 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 Share based bidding in Blocks falling in Category–II and III Basins except in case of Wind fall gain etc.
    • Originator Incentive Increased to 10 marks for Category-II & Category-III Basins

Bid Submission Opening Date: 3rd January 2024

Bid Submission Closing Date: 15th May 2024 (1200 hrs IST)

Notice Inviting Offer (NIO) New Model Revenue Sharing Contract (MRSC) New Modalities for Operationalization of OALP New GeoScientific Brochure New
Extension in OALP Bid Round-IX Bid Submission timelineNew

Bid submission open date: 03/01/2024
Bid submission closing date: 15/05/2024 (1200 hrs IST)
Format for Application Fee under Open Acreage Licensing Programme
The submission of EoIs throughout the year is as follows:
  • Window – 1 : 1st April to 31st July
  • Window – 2 : 1st August to 30th November
  • Window – 3 : 1st December to 31st March
Guidelines for e-submission of Hard copy documents under EoI portal

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