The government is set to offer 15 coal bed methane (CBM) blocks in the latest round of auctions under the Open Acreage Licensing Policy (OALP), said the DGH
With a view to double the exploration acreage in the north-eastern region, the government plans to hold a special bidding round under the OALP for the North-East
India is focussed on achieving producing targets of 40 MT of Oil and 50 BCM of gas by 2023-24 and will require an investment of about $50 billion in the next four years
Pradhan urged ONGC and OIL to farm out OALP areas so as to bring in international players into exploration activities and run the business in a professional manner
OIL is using a multi-purpose seismic data acquisition vessel for the acquisition of 8400 LK of 2D seismic data in OIL’s OALP-III blocks in Andaman offshore