Open Acreage Licensing Programme (OALP)

News: Ministry of Petroleum and Natural Gas signed contracts for 7 blocks, awarded under Open Acreage Licensing Programme (OALP) Bid Round – IV. Facts: Open Acreage Licensing Programme (OALP): Launched in 2016, OALP, is a part of Hydrocarbon Exploration and Licensing Policy (HELP).   It is aimed at enabling faster survey and assessment of areas with… Continue reading Open Acreage Licensing Programme (OALP)

Vedanta finds oil in Krishna Godavari basin

Vedanta Limited has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an oil discovery in the Krishna Godavari basin. Oil has been discovered in the second exploratory well H2, located in the offshore block KG-OSN-2009/3, Krishna-Godavari basin. The Krishna Godavari basin is a proven petroliferous basin with… Continue reading Vedanta finds oil in Krishna Godavari basin

Third round of OALP offers 23 oil, gas, coal-bed methane blocks

The union government has launched the third round of oilfield auctions under the Open acreage Licensing Programme (OALP) OALP is a part of Hydrocarbons Exploration and Licensing Policy (HELP). It aims at enabling faster survey and assessment of areas with oil and gas potential. Under the programme, exploration companies can select their operation blocks without… Continue reading Third round of OALP offers 23 oil, gas, coal-bed methane blocks