The eighth round under the open acreage licensing policy (OALP) was launched on July 7 last year, with a bid submission deadline of September 6. Since then, the deadline has been extended several times. The last deadline was March 30. The DGH hasn't given any reason for the extension but the oil ministry officials say the investors are demanding an extension.
In the eighth round, ten oil and gas blocks have been offered. In the first seven rounds, 134 blocks have been awarded.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.