Five firms win contract for 10 blocks in eighth round of auction under OALP

A total of five firms have won contract for exploration and development of 10 oil and gas blocks spanning over 34,364 square km under the eighth round of Open Acreage Licensing Policy (OALP) auction. The bids for the same were invited by the Ministry of Petroleum and Natural Gas (MoPNG) in July 2022. These include- Oil and Natural Gas Corporation Limited (ONGC) for CB-ONHP-2022/1 at Cambay Basin, MB-OSHP-2022/1 at Mumbai Offshore Basin, GS-DWHP-2022/1 at Saurashtra Basin, MN-UDWHP-2022/1 at Mahanadi Basin, BP-OSHP-2022/1 at Bengal Purnea Basin, KK-OSHP-2022/1 and KK-DWHP-2022/1 at Kerala Konkan Basin; Oil India Limited (OIL) for AS-ONHP-2022/1 at Assam Shelf Basin; Sun Petro Chemicals Private Limited for GK-OSHP-2022/1 at Kutch Basin; and consortium of Reliance Industries Limited and BP Exploration (Alpha) Limited for KG-UDWHP-2022/1 at Krishna Godawari Basin.