India announced the opening of the fifth oil and gas block bid round, offering 11 areas for bidding on revamped fiscal terms. So far, the government has awarded 94 blocks under the Hydrocarbon Exploration & Licensing Policy (HELP) regime in a short time span of two and a half years. These 94 blocks cover an exploratory area of about 1,36,800 square kilo meters over 16 Indian Sedimentary Basins.
What is Open Acreage Licensing Policy (OALP)?
What is HELP?
What was the need for the new Hydrocarbon Exploration and Licensing Policy (HELP)?
What is NDR?
NDR has been created to provide explorers’ data on the country’s repositories, allowing them to choose fields according to their capabilities. Data received through the National Seismic Programme, an in-depth study of 26 sedimentary basins, are continuously being added to the NDR.
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