Wednesday, March 29, 2023
  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services
Janam TV English
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto
No Result
View All Result
Janam TV English
No Result
View All Result
  • News
  • Business
  • Defence
  • Health
Home News India

Bid round –III under Open Acreages Licensing Policy launched by Dharmendra Pradhan

by Janam Web Desk
Feb 11, 2019, 11:41 am IST
in India

New Delhi: Union Petroleum and Natural Gas & Skill Development and Entrepreneurship Minister Dharmendra Pradhan  launched the bid round –III under Open Acreages Licensing Policy at Greater Noida, the venue of PETROTECH-2019. Under this Bid round, 23 blocks, covering over 31,000 sq km od area will be available for exploration. Following the contract signing of 55 Blocks under OALP Bid Round-I, the Government launched OALP Bid Round-II on 07th January 2019 offering 14 Blocks under Petroleum Operation Contract for International Competitive Bidding. With the launch of the third bidding round, more than 1,20,000sq km of area has now been made available for exploration in last one year. The OALP adopts all features of HELP – reduced royalty rates, no Oil Cess, uniform licensing system, marketing and pricing freedom, Revenue Sharing Model, Exploration rights on all retained area for full contract life etc.

Speaking on the occasion, Pradhan said we recently awarded 55 blocks spread across 10 sedimentary basins under maiden Bid Round after a gap of 6 years and 30 contract areas under the Discovered Small Field Policy Bid Round-I. The 2nd Bid Rounds for both Discovered Small Field Policy and Open Acreages Licensing Policy are now underway and have also seen encouraging response from investors.The overwhelming participation from investors is a testimony to their faith and confidence in India’s upstream sector potential. He invited the investors to participate in the bidding round and be a part of the Indian growth story.

Tags: MAIN
ShareTweetSendShare

Related News

Kerala Governor joins fast against practice of dowry
Kerala

Kerala Governor joins fast against practice of dowry

Pak LeT commander among three militants killed in Pulwama encounter
Defence

Pak LeT commander among three militants killed in Pulwama encounter

Ramesh Bais takes oath as new Governor of Jharkhand
India

Ramesh Bais takes oath as new Governor of Jharkhand

Latest News

PM pays tributes to martyrs of Pulwama

PM pays tributes to martyrs of Pulwama

PM bows to Mahatma Gandhi on his Punya Tithi

PM bows to Mahatma Gandhi on his Punya Tithi

Round Table on ‘Reaching Out – India and the SCO’ organize at SCO Film Festival

Round Table on ‘Reaching Out – India and the SCO’ organize at SCO Film Festival

Ministry of Panchayati Raj organizing one-day deliberation meet on 30th January

Ministry of Panchayati Raj organizing one-day deliberation meet on 30th January

Vice President calls upon youth to practise and follow Fundamental Duties

Vice President calls upon youth to practise and follow Fundamental Duties

Pariksha Pe Charcha 2023: PM interacts with students, teachers and parents

Pariksha Pe Charcha 2023: PM interacts with students, teachers and parents

PM shares interesting repository of mantras and activities on Pariksha Pe Charcha

PM greets citizens on Republic Day

President of India graces the inauguration of 18th National Jamboree of the Bharat Scouts and Guides in Rajasthan

President of India to confer the Pradhan Mantri Rashtriya Bal Puraskar 2023 tomorrow

  • Janam TV Malayalam
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms of Services

© Janam Multimedia Limited

No Result
View All Result
  • ‌
  • News
    • Kerala
    • India
    • Gulf
    • World
  • Business
  • Defence
  • Tech
  • Science
  • Health
  • Podcast
  • ‌
    • Travel
    • Entertainment
    • Lifestyle
    • Sports
    • Guest Column
    • Auto

© Janam Multimedia Limited