Open acreage licensing policy (OALP) for bid round-V of hydro carbon blocks

The bidders for hydrocarbon blocks can submit bids for Round-V through an online e-bidding portal till 1200 hours of 18th March 2020. The 6th cycle of submitting Expressions of Interest (Eol) is currently open till 31st March, 2020 and would be followed by the 7th cycle (April, 2020 to July 31, 2020). This has been stated in a facilitation workshop on Open Acreage Licensing Policy (OALP) for Bid Round-V of hydro carbon blocks, in Mumbai today (26th February 2020). The 11 blocks offered in the OALP Bid Round-V are located in Western Offshore (Saurashtra and Mumbai) and Eastern Offshore (Cauvery) and also spread across the states of Rajasthan, Gujarat, West Bengal, Odisha, Arunachal Pradesh and Assam over 8 sedimentary basins. In this fifth round, 11 hydrocarbon blocks covering approximately 19,800 sq. km have been offered for exploration.

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