Ministry of Petroleum & Natural Gas said that the bidders for hydrocarbon blocks can submit bids for Round-V through an online e-bidding portal till 1200 hours of 18th March 2020. The 6th cycle of submitting Expressions of Interest (Eol) is currently open till 31st March, 2020 and would be followed by the 7th cycle (April, 2020 to July 31, 2020). The 11 blocks offered in the OALP Bid Round-V are located in Western Offshore (Saurashtra & Mumbai) & Eastern Offshore (Cauvery) and also spread across the states of Rajasthan, Gujarat, West Bengal, Odisha, Arunachal Pradesh and Assam over 8 sedimentary basins. In this fifth round, 11 hydrocarbon blocks covering approximately 19,800 sq. km have been offered for exploration.
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