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Government Launches OALP-XI Round Offering 21 Hydrocarbon Exploration Blocks
The government launches the 11th exploration licensing round under the Open Acreage Licensing Programme (OALP), offering 21 hydrocarbon exploration blocks. This round operates under the Hydrocarbon Exploration and Licensing Policy (HELP) framework.
Open Acreage Licensing Programme (OALP) and OALP-XI Round:
| Dimension | Key Details |
|---|---|
| Introduced | OALP is introduced in 2016 as part of the Hydrocarbon Exploration and Licensing Policy (HELP). |
| Objective | OALP provides for investors to select blocks after studying data available through NDR, without waiting for a formal bid round from the government. |
| Data platform | OALP is governed by data availability through NDR (National Data Repository). |
| Salient features | OALP-XI comprises: Revenue Sharing Model; Reduced Royalty Rates; No Oil Cess; Single Licence for all hydrocarbon, conventional and unconventional; Marketing and Pricing freedom. |