Govt offers 23 oil and gas blocks in 3rd round
The government on Sunday offered 23 oil and gas blocks for bidding under the Open Acreage Licensing Policy (OALP), hoping to attract investments of up to $700 million.
“In OALP-III, 23 blocks in 12 sedimentary basins are being offered. Of these, five are coal-bed methane (CBM) blocks. The total area on offer is about 31,000 square kilometers,” petroleum minister Dharmendra Pradhan said at the Petrotech 2019 conference here on the outskirts of Delhi.
