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DownloadsOpen Acreage Licensing Policy (OALP) Bid Round-VIII under HELP
Government has launched OALP Bid Round-VIII on 7th July, 2022 offering 10 Blocks for Exploration and Development through International Competitive Bidding.
Features of OALP Bid Round–VIII are as quoted below:
- 10 Blocks spread over 9 Sedimentary Basins, covering an area of 36,316.5 Sq. Km
- Out of 10 Blocks, 2 Blocks are in Onland, 4 Blocks are in Shallow Water, 2 Blocks are in Deep-Water and 2 Blocks are in Ultra Deep-Water areas
- Spread over Category-I (4 Blocks) and Category-II (3 Blocks) and Category-III (3 Blocks) Basins
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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.
Clarification for OALP Bid Round-VIII
New
Modifications in OALP bid documents (NIO, MRSC and Modalities) for OALP VIII and future rounds
Guidelines for e-submission of Hard copy documents under EoI portal
Bid Submission for OALP Bid Round-VIII has been extended up to 1200 hrs IST on 5th July, 2023
Corrigendum No. 2 for OALP Bid Round-VIII
OALP Bid Round-VIII Launched on 07/07/2022
Bid submission open date: 07/07/2022
Bid submission closing date: 05/07/2023
Format for Application Fee under Open Acreage Licensing Programme
Corrigendum for OALP Bid Round-VIII
Bid submission open date: 07/07/2022
Bid submission closing date: 05/07/2023
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
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