India extends open-acreage bid round
India’s Directorate General of Hydrocarbons has extended into May 2 the bidding under its open acreage licensing program, which opened Jan. 18. The Ministry of Petroleum and Natural Gas unit gave no reason for the extension.
The Ministry of Petroleum and Natural Gas unit gave no reason for the extension.
The round, for which bidding originally was scheduled to close Apr. 3, offers 55 blocks covering 59,282 sq km nominated by oil and gas operators. It’s India’s first use of open-acreage licensing.
Of blocks open for bid, 46 are onshore, 8 are in shallow water, and 1 is in deep water.