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

A total of five firms have won contracts for exploration and development of 10 oil and gas blocks spanning over 34,364 square km under the eighth round of the 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 the Cambay basin, MB-OSHP-2022/1 at the Mumbai offshore basin, GS-DWHP-2022/1 at the Saurashtra basin, MN-UDWHP-2022/1 at the Mahanadi basin, BP-OSHP-2022/1 at the Bengal Purnea basin, KK-OSHP-2022/1 and KK-DWHP-2022/1 at the Kerala-Konkan basin; Oil India Limited for AS-ONHP-2022/1 at Assam Shelf basin; Sun Petro Chemicals Private Limited for GK-OSHP-2022/1 at the Kutch basin; and a consortium of Reliance Industries Limited and BP Exploration (Alpha) Limited for KG-UDWHP-2022/1 at the Krishna-Godavari basin.