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Contracts Signed Under Open Acreage Licensing Policy Bid Round-I - Trending Petrol Crosses Rs 91 Mark, LPG Above Rs 500 उत्तराखंड की सड़कें 15 दिन में होंगी गड्ढामुक्त, लोक निर्माण विभाग ने जारी किए निर्देश Contracts Signed Under Open Acreage Licensing Policy Bid Round-I विवेक हत्याकांड पर बोलीं मायावती, ‘योगी सरकार में ब्राह्मणों का हो रहा है शोषण’ Petroleum Minister Launches SATAT Initiative Dharmendra Pradhan : India Will Help In Setting Up A Skill Training School In Nepal Govt Plans Blending Of Methanol With LPG To Cut Subsidy Bill By 30% राफेल सौदा : रक्षा मंत्री ने एचएएल की अनदेखी से संबंधित आरोपों को बताया बकवास Facebook Twitter Youtube Navigate National KI Exclusive PMO Petroleum & Natural Gas Ministry of Finance Oil PSUs Uttar Pradesh GDP Magazine National KI Exclusive PMO Petroleum & Natural Gas Ministry of Finance Oil PSUs Uttar Pradesh GDP Magazine You are at:Home»Petroleum & Natural Gas»Contracts Signed Under Open Acreage Licensing Policy Bid Round-I Contracts Signed Under Open Acreage Licensing Policy Bid Round-I 0 By Amit Bhanot on October 1, 2018 Petroleum & Natural Gas Government of India today signed the contracts of the blocks awarded under the Open Acreage Licensing Programme (OALP) Bid Round-Iwith the awardees at New Delhi. The event was presided by Shri Dharmendra Pradhan, Minister for Petroleum and Natural Gas & Skill Development and Entrepreneurship, withal with Dr. M. M. Kutty, Secretary (P&NG), Dr. V. P. Joy, Director General- Directorate General of Hydrocarbons and other senior officials of the Ministry. Initially, 110 e-bids were received for 55 blocks on offer with participation from 9 companies, singly or in consortium. Finally, contracts have been signed for all 55 blocks with 6 companies.The details of the contract areas signed is placed at Annexure 1.This will add a huge toting of 59,282 sq.km to the exploration area. This is well-nigh 65% of the zone presently under exploration in the country. This will lead to significant increase in E&P activities in India and in long run discoveries from these field maysignificantly uplift domestic production. The bid round-I of OALP was launched in January 2018 under the liberalized Hydrocarbon Exploration and Licensing Policy (HELP). It is for the first time that prompting in the E&P sector in India was for blocks that had been selected by bidders themselves with government playing a facilitator role. The OALP bid round-I has received overwhelming enthusiasm from various stakeholders of E&P industry, with all 55 blocks on offer receiving bids and stuff awarded. Shri Dharmendra Pradhan congratulated the awardees and unpreventable them of well-constructed support and assistance from the Government. He reiterated the relentless efforts of the government to enhance domestic hydrocarbon production by putting along new policy initiatives and new offers so that the true potential of Indian sedimentary basins is realized. The Minister said that the Companies have single-minded investment of well-nigh Rs 6000 Crore for exploring under this round. He said there is huge potential in these reserves and their exploration will positively impact the Indian economy. He said that the Government is working in a transparent manner, and policies are stuff made, without wide-stretching consultation with all stakeholders. Shri Pradhan said that Minimum Government-Maximum Governance is not only a slogan for us, but a guiding principle. He said that India has once wilt third largest energy consumer in the world and the Government is single-minded to provide affordable energy to its citizens, and for this purpose, several initiatives have been taken to enhance the production of hydrocarbons. Annexure 1 – Details of the contracts signed under the OALP Bid Round-I Winner No of Blocks Block Name States / offshore zone ApprovedZone(sq.km.) Vedanta Limited 41 AA-ONHP-2017/1 Assam 715 AA-ONHP-2017/11 Assam 785 AA-ONHP-2017/14 Assam & Mizoram 1719 AA-ONHP-2017/15 Assam & Arunachal Pradesh 1367 AA-ONHP-2017/2 Arunachal Pradesh 73 AA-ONHP-2017/3 Assam & Arunachal Pradesh 268 AA-ONHP-2017/4 Assam 839 AA-ONHP-2017/5 Assam 758 AA-ONHP-2017/6 Tripura 279 AA-ONHP-2017/8 Assam 611 AA-ONHP-2017/9 Assam 18 CB-ONHP-2017/1 Gujarat 1490 CB-ONHP-2017/10 Gujarat & Rajasthan 2766 CB-ONHP-2017/11 Gujarat 70 CB-ONHP-2017/2 Gujarat 317 CB-ONHP-2017/3 Gujarat 83 CB-ONHP-2017/4 Gujarat 95 CB-ONHP-2017/5 Gujarat 990 CB-ONHP-2017/6 Gujarat 19 CB-ONHP-2017/7 Gujarat 1335 CY-OSHP-2017/1 Cauvery Offshore 1794 CY-OSHP-2017/2 Cauvery Offshore 2574 GK-ONHP-2017/1 Gujarat 2690 GK-OSHP-2017/1 Gujarat Kutch Offshore 2960 GS-OSHP-2017/1 Gujarat Saurashtra Offshore 2627 GS-OSHP-2017/2 Gujarat Saurashtra Offshore 674 GV-ONHP-2017/1 Uttar Pradesh 1817 HF-ONHP-2017/1 Himachal Pradesh 666 KG-DWHP-2017/1 KG Offshore 6574 KG-ONHP-2017/1 Andhra Pradesh 2321 KG-ONHP-2017/2 Andhra Pradesh 668 KG-ONHP-2017/3 Andhra Pradesh 49 KG-OSHP-2017/1 KG Offshore 177 MB-OSHP-2017/2 Mumbai Offshore 2690 RJ-ONHP-2017/1 Rajasthan 542 RJ-ONHP-2017/2 Rajasthan 1072 RJ-ONHP-2017/3 Rajasthan & Gujarat 1430 RJ-ONHP-2017/4 Rajasthan 1087 RJ-ONHP-2017/5 Rajasthan 917 RJ-ONHP-2017/6 Rajasthan 925 RJ-ONHP-2017/7 Rajasthan 603 Winner No of Blocks Block Name States / offshore zone ApprovedZone(sq.km.) Bharat Petro Resources Limited (BPRL) 1 CB-ONHP-2017/9 Gujarat 174 GAIL (India) Limited 1 CB-ONHP-2017/12 Gujarat 212 Hindustan Oil Exploration Company Ltd. (HOEC) 1 AA-ONHP2017/19 Assam 79 Oil India Limited (OIL) 9 AA-ONHP-2017/10 Assam & Arunachal Pradesh 543 AA-ONHP-2017/12 Assam & Arunachal Pradesh 489 AA-ONHP-2017/13 Assam & Arunachal Pradesh 841 AA-ONHP-2017/16 Assam & Arunachal Pradesh 361 AA-ONHP-2017/17 Assam & Arunachal Pradesh 309 AA-ONHP-2017/18 Assam & Arunachal Pradesh 1711 AA-ONHP-2017/20 Assam & Arunachal Pradesh 125 RJ-ONHP-2017/8 Rajasthan 516 RJ-ONHP-2017/9 Rajasthan 3012 ONGC 2 CY-ONHP-2017/1 Tamil Nadu 731 MB-OSHP-2017/1 Mumbai Offshore 725 Total 55 59282 Summary: Total No. of Companies PSUs Private Companies 6 4 2 Total No. of Blocks On-land (No. of States) Offshore Eastern Western Total   55   46 (10)   04   05   09   Share. Twitter Facebook Google+ Pinterest LinkedIn Tumblr EmailWell-nighAuthor Amit Bhanot Related Posts October 1, 2018 0 Petrol Crosses Rs 91 Mark, LPG Above Rs 500 October 1, 2018 0 Petroleum Minister Launches SATAT Initiative October 1, 2018 0 Govt Plans Blending Of Methanol With LPG To Cut Subsidy Bill By 30% Like on Facebook Follow on Twitter Subscribe on YouTube https://www.youtube.com/watch?v=qep53MOLa8A Popular Video GDP Magazine October 1, 2018 0 Petrol Crosses Rs 91 Mark, LPG Above Rs 500 February 28, 2017 0 India and ADB sign loans and grants for first phase of East Coast Economic Corridor February 28, 2017 0 जम्मू-कश्मीर में भूकंप के झटके, घरों से बाहर निकले लोग September 18, 2018 0 PM Inaugurates Key Development Projects In Varanasi September 15, 2018 0 PM Shri Narendra Modi’s Speech At Ashara Mubaraka, Organized By Dawoodi Bohra Community September 13, 2018 0 Indian Citizens Can No Longer Be Misled On The Basis Of Falsehoods : Shri Piyush Goyal August 1, 2018 0 NRL: Ensures Benefits Of CSR Reaches To Less Privileged August 1, 2018 0 MRPL: Ensuring Sustainable And Equitable Development August 1, 2018 0 ONGC: Promoting Inclusive Growth in the Society Latest Galleries Money Control TwitterTweets by khabarindia1 Company Recent Posts Petrol Crosses Rs 91 Mark, LPG Above Rs 500 उत्तराखंड की सड़कें 15 दिन में होंगी गड्ढामुक्त, लोक निर्माण विभाग ने जारी किए निर्देश Contracts Signed Under Open Acreage Licensing Policy Bid Round-I विवेक हत्याकांड पर बोलीं मायावती, ‘योगी सरकार में ब्राह्मणों का हो रहा है शोषण’ Copyright © 2017 khabarindia.in.Well-nigh/ Privacy Policy / Terms and Condition / Contact Us Twitter Auto Publish Powered By : XYZScripts.com