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OALP deepwater bidding deadline extended to November 15

The government has extended the deadline for bidding on deepwater blocks under the Open Acreage Licensing Programme (OALP) by two months to November 15, while the bidding for onland and shallow water blocks in both rounds has closed.

Methly Agarwal | | 1 min read

OALP deepwater bidding deadline extended to November 15
AI Generated | MinuteBrief Team

The Directorate General of Hydrocarbons (DGH) has extended the deadline for bidding on deepwater and ultra-deepwater blocks under the 10th and 11th rounds of the Open Acreage Licensing Programme (OALP) from September 17 to November 15.

This nearly two-month extension aims to provide exploration companies with additional time to assess prospects and finalize bids, encouraging broader participation in the higher-risk deepwater sector. Bidding for onland and shallow-water blocks under both rounds has already closed.

This extension is part of India's ongoing efforts to expand hydrocarbon exploration and increase domestic oil and gas production.

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