The government has extended the last date of bidding for the 11 oil and gas blocks on offer in the fifth bid round, and decided to merge the next two rounds into one in view of the COVID-19 lockdown in the country.
The fifth bid round under Open Acreage Licensing Policy (OALP) opened in January and was to initially close on March 18. However, the bid date was earlier this month extended to April 16. Now it has been further extended.
“In view of the lockdown due to the COVID-19 pandemic, the OALP bid Round-V last date for bid submission will be extended. The revised date shall be notified soon,” the Directorate General of Hydrocarbons (DGH) said in a tweet.
