Nine leading domestic oil and gas companies submitted a total of 110 bids for acreage available in India's first Open Acreage Licensing Policy round (OALP-1).
India had offered 55 blocks under OALP-1, based on its new Hydrocarbon Exploration & Licensing Policy (HELP).
The new bid round is India’s first major auction process since the conclusion of nine rounds under the auspices of its previous New Exploration & Licensing Policy (NELP).
