India has launched the third bid round under its Open Acreage Licensing Policy, offering 23 onshore and offshore blocks covering more than 31,000 sq km for exploration.
Dharmendra Pradhan, minister of petroleum and natural gas, announced OALP-3 at the Petrotech conference in Noida, outside Delhi.
The Ministry of Petroleum and Natural Gas opened OALP-2 on Jan. 7, offering 30,000 sq km (OGJ Online, Jan. 7, 2019).
The Directorate General of Hydrocarbons takes bids electronically but hasn’t published third-round details. Terms are revenue-sharing.
