Directorate General of Hydrocarbons (DGH) has announced the opening of the fifth oil and gas block bid round, offering 11 areas for bidding on revamped fiscal terms.
So far, the government has awarded 94 blocks under the Hydrocarbon Exploration & Licensing Policy (HELP) regime in a short time span of two and a half years. These 94 blocks cover an exploratory area of about 136,800 sq kms over 16 Indian Sedimentary Basins.
