Open Acreage Licensing Policy (OALP) Bid Round-II under HELP
Following the contract signing of 55 Blocks under OALP Bid Round-I, Government has launched OALP Bid Round-II on 07th January 2019 offering 14 Blocks under Petroleum Operation Contract for International Competitive Bidding.
Features of OALP Bid Round–II are as quoted below:
- 14 Blocks spread over 7 Sedimentary Basins, 4 States and offshore areas covering 29,233 Sq. Km of area
- Out of 14 Blocks, 8 are in Onland, 5 in Shallow Water and 1 in Ultra deep water
- Spread over Category-I and Category-II Basins
- 10 Blocks are based on EoI submitted by the bidders and 4 Blocks have been carved out by the DGH
- Adopts all features of HELP - 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 etc.
Open Acreage Licensing Policy (OALP) Bid Round-III under HELP
Features of OALP Bid Round–III are as under:
- 23 Blocks (including 5 CBM) spread over 12 Sedimentary Basins, 13 States and offshore areas covering 31,722 Sq. Km of area
- Out of 23 Blocks, 19 are in Onland (including 5 CBM), 3 in Shallow Water and 1 in Deep Water
- Spread over Category-I, Category-II and Category-III Basins
- 18 Blocks are based on EoI submitted by the bidders and 5 CBM Blocks have been carved out by the DGH
- Bidding of CBM blocks for the first time under Revenue Sharing Model of HELP
- Adopts all features of HELP - 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 etc.
No events to display
07th January, 2019
Launch of NIO and MRSC of OALP Bid Round-II
08th January, 2019
Bid Submission Opening date
15th May, 2019
Bid Submission Closing
10th February, 2019
Launch of NIO and MRSC of OALP Bid Round-III
11th February, 2019
Bid Submission Opening date
15th May, 2019
Bid Submission Closing
