The government on Thursday awarded Oil and Natural Gas Corporation (ONGC) all seven oil and gas blocks that were on offer in the fourth round of Open Acreage Licensing Policy (OALP), said Union Petroleum Minister Dharmendra Pradhan.
The current round added 18,510 square kilometre (sq km) to India’s total exploration area. Pradhan said bids for another 20,000 sq km area will be finalised soon as part of the fifth round.
Of the seven blocks, five are located in Madhya Pradesh and one block each in Rajasthan and West Bengal. The blocks are spread over three sedimentary basins with
The current round added 18,510 square kilometre (sq km) to India’s total exploration area. Pradhan said bids for another 20,000 sq km area will be finalised soon as part of the fifth round.
Of the seven blocks, five are located in Madhya Pradesh and one block each in Rajasthan and West Bengal. The blocks are spread over three sedimentary basins with