Home » National » Open Acreage Licensing Programme Bid Round-II launched

Open Acreage Licensing Programme Bid Round-II launched

Newdelhi:7/1/19:Union Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship Shri Dharmendra Pradhan here today launched NIO and MRSC for Open Acreage Licensing Programme (OALP) Bid Round-II.Secretary, Ministry of Petroleum and Natural Gas Dr M.M.Kutty and DG, DGH Shri V.P Joy were also present on the occasion. In this bid round, 14 E&P blocks, with an area of approximately 30,000 sq. km., are being offered for bidding to the investor community under the investor friendly HELP regime. 10 blocks are based on Expressions of Interest submitted by the bidders, and 4 blocks have been carved out by the Government based on data received through the National Seismic Programme and the Resource Reassessment Study carried out by the Government.

India is 3rdlargest energy consumer in the world and likely to have one of the fastest growing energy demand of the world in the coming years. As a step to meet this growing demand and in line with Prime Minister’s vision of achieving Energy Security and Sufficiency, the Ministry of Petroleum and Natural Gas (MoPNG) has steered a plethora of reforms in the recent past years. The Hydrocarbon Exploration and Licensing Policy (HELP) replacing the erstwhile New Exploration Licensing Policy (NELP) was approved in March 2016 and the Open Acreage Licensing Programme (OALP) along with the National Data Repository (NDR) were launched in June 2017 as the key drivers to accelerate the Exploration and Production (E&P) activities in India. The programme envisages six monthly periodic bidding rounds starting from July 1, 2017.

dhrama1dhram3

With this successful roll out of the HELP/OALP regimes, together with the National Data Repository (NDR), the Government has achieved a massive addition to the exploration acreage of India. The acreage which stood at approximately 90,000 sq. km. in 2017 was increased to 150,000 sq. km. after OALP I and would touch 2,10,000 sq. km after OALP Round II and III bidding exercises by May 2019 and is expected to touch 300,000 sq. km. by the end of the year 2019, with another two rounds of bidding expected to be finalized (IV and V) in 2019.

The licensing programme under HELP which adopts the Revenue Sharing Model is a step towards improving the ‘Ease of Doing Business’ in the Indian Exploration and Production (E&P) sector. It comes with attractive fiscal terms like reduced royalty rates and no oil cess, marketing and pricing freedom, submission of Expression of Interests (EoIs) round the year, bid rounds commencing every six months and a single license to cover conventional and unconventional hydrocarbon resources.

With the launch of Notice Inviting Offer (NIO), bidders can study the data available in National Data Repository (NDR) and select blocks for the bidding. The bidders would be able to submit their bids through an online e-bidding portal starting8th January 2019 and the bidding round would continue till12th March 2019. The blocks are spread across 7 sedimentary basins, 14 blocks are on offer under OALP-II whichincludes 8 blocks (Onland), 5 blocks (Shallow Water) and1 block(Ultra-Deep Water).  It is expected that OALP Round II would generate immediate exploration work commitment of around USD 500-600 million.

Details of Blocks on Offer (OALP Bid Round-II)

S. No. NAME Of BLOCK AREA (Sq. Km.) STATE NAME BASIN ONLAND/ OFFSHORE
1 RJ-ONHP-2018/1 417.44 Rajasthan RAJASTHAN Onland
2 CB-ONHP-2018/1 185.27 Gujarat CAMBAY Onland
3 CB-ONHP-2018/2 846.82 Gujarat CAMBAY Onland
4 CY-ONHP-2018/1 474.19 Tamil Nadu CAUVERY Onland
5 MN-ONHP-2018/1 2933.85 Odisha MAHANADI Onland
6 MN-ONHP-2018/2 2539.51 Odisha MAHANADI Onland
7 MN-ONHP-2018/3 3138.59 Odisha MAHANADI Onland
8 MN-ONHP-2018/4 3196.86 Odisha MAHANADI Onland
9 GK-OSHP-2018/1 1731.78 Western Shore KUTCH Offshore
10 GK-OSHP-2018/2 812.54 Western Shore KUTCH Offshore
11 AN-OSHP-2018/1 3669.25 Eastern Shore ANDAMAN Offshore
12 AN-OSHP-2018/2 5947.45 Eastern Shore ANDAMAN Offshore
13 MN-OSHP-2018/1 1825.07 Eastern Shore MAHANADI Offshore
14 KG-UDWHP-2018/1 1513.90 Eastern Shore KRISHNA GODAVARI Offshore
  Total 29232.52      

 

 

Details of Blocks on Offer (OALP Bid Round-III)*

S. No. BASIN Number of Blocks AREA (Sq. Km.) ONLAND/ OFFSHORE
1 Assam-Arakan Basin 5 4261.78 Onland
2 Bengal-Purnea Basin 1 2468.00 Onland
3 Cambay Basin 2 1077.89 Onland
4 Cauvery Basin 2 1863.24 Onland
5 KG Basin 2 2831.24 Onland
6 Mahanadi Basin 1 2299.74 Onland
7 Mahanadi Basin 1 2491.31 Offshore
8 Rajasthan Basin 1 3016.34 Onland
9 Pranhita Godavari 1 625.00 Onland (CBM)
10 Satpura-South Reva-Damdar Basin 4 1332.00 Onland (CBM)
11 Kerala-Konkan Basin 1 3519.69 Offshore
12 Mumbai Offshore Basin 2 5936.02 Offshore
  Total 23 31722.25  

*Tentative

Summary of Awarded Blocks
Awardee’s Name Numbers of Blocks Area (Sq. Km)
Vedanta Ltd. 41 49,545
Oil India  Ltd. 9 7907
ONGC  Ltd. 2 1,456
HOEC  Ltd. 1 79
GAIL 1 212
BPRL 1 174
55 59,282

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
x

Check Also

Dr. Ricky G Kej, two times Grammy Award-winning Indian music composer and environmentalist delivered his talk on “My Earth Songs”

Bhubaneswar:4/7/22: Dr. Ricky G Kej, two times Grammy Award-winning Indian music composer and environmentalist delivered his talk on “My Earth Songs” – music for children on environment and sustainability, as ...