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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.
Bid Submission for OALP Bid Round-VIII has been extended up to 1200 hrs IST on 16th May, 2023
New
OALP Bid Round-VIII Launched on 07/07/2022
Bid submission open date: 07/07/2022
Bid submission closing date: 16/05/2023 New
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: 16/05/2023 New
Currently, 14th window of EoI submission has started on 1st August 2022 and will end on 30th November 2022.
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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