India offers 8 oil, gas blocks for bidding in latest round
India has offered 8 oil and gas blocks, mostly in Assam, for bidding in the latest bid round with a view to bringing more area under exploration, leading to increase in domestic production and reduction of imports.
Eight blocks have been offered in the seventh bid round of Open Acreage Licensing Policy (OALP), with bids due on February 15, 2022, the Directorate General of Hydrocarbons (DGH) said.
The “8 Blocks spread over 6 Sedimentary Basins, 5 States covering 15,766 square kilometres of area. Out of 8 Blocks, 5 Blocks are Onland type, 2 Blocks are Shallow Water-type and 1 Block is Ultra Deep-Water type,” DGH said in the notice inviting offers.
