MoPNG extends bid due date for eighth round of auction under OALP

The MoPNG has extended the bid due date for the exploration and development of 10 oil and gas blocks under the eighth round of the Open Acre­age Licensing Policy (OALP), itself part of the Hydrocarbon Exploration and Licensing Policy, from January 31, 2023 to March 30, 2023. Bids for the same were invited in July 2022. In the first seven rounds of the OALP, 134 blocks have been awarded.