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.
