India's Hydrocarbon Outlook – 2022-2023

135 DGH: 3 DECADES OF UNLOCKING INDIA'S HYDROCARBON POTENTIAL Offshore Bid Round (OALP Bid Round-IX) 7 23 219K+ Basins Blocks SKM area c) Offshore Bid Round (OALP Bid Round-IX): During the Investor outreach program held in Houston on October 10th, 2022, the Government launched the Mega OALP Bid Round IX. This bidding round offers 26 blocks, of which 23 are located offshore, covering a vast area of approximately 2.23 lakh Sq.km for Exploration and Development through International Competitive Bidding. These blocks are expected to be awarded to successful bidders by the year 2023-24.