Government receives 13 EoIs for second round of OALP

The government has received 13 EoIs from companies under the second round of Open Acreage Licensing Policy (OALP) auctions. The window for submitting EoIs was closed on May 15, 2018. India has adopted a new bidding model under which it holds biannual oil and gas auctions. During these auctions, investors get the opportunity to carve out blocks of their choice on the basis of the information available in the National Data Repository (NDR). As per the DGH, over 100 entities had bought the NDR data for the bidding.