The government on Monday extended the last date of bidding for the 11 oil and gas blocks on offer in the fifth exploration bid round to June 30 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 first extended to April 16 and then to June 10.
“Urgent Notice: In view of COVID-19 pandemic and its consequences of reduced movement, coupled with requests from potential bidders, the last date of India OALP Bid Round-V is extended to 30 June 2020,” the Directorate General of Hydrocarbons (DGH) said in a tweet.
