Timeline for sixth round of OALP extended due to Covid-19 lockdown
The timeline for the sixth bid round under the open acreage license (OALP) has been extended because of the Covid-19 lockdown.
In a notification, the Directorate General of Hydrocarbon said, “In view of the lockdown due to Covid-19 the EoI (expression of interest) cycle for OALP Round VI (ending March 31, 2020) and Round VII (ending July 31, 2020) shall stand merged. Bidding round would be launched based on EoIs received till July 31, 2020.”
Under the OALP bid rounds, companies are to identify the areas they want to explore oil and gas during the EoI rounds. These identified areas are then put up for bidding by the DGH.
