India’s Hydrocarbon Outlook 2024 159 A Report on Exploration & Production Activities Bidding Process under OALP Regimes OALP mechanism allow the investor to carve out the blocks of their choice by assessing E&P data available at National Data Repository (NDR) & by submitting an Expression of Interest (EoI). OALP also encourages round the year submission of Expression of Interest (EOI) in 3 windows (April 1 to July 31, August 1 to November 30 and December 1 to March 31) by the interested bidders. The government. also launched state-of-art National Data Repository, a database comprising all the geo-scientific data of hydrocarbon resources in the country, in 2017 in a bid to enable potential investors to take informed decisions. Investor are given freedom to curve out the EoIs as per Modalities. The submitted EoIs will be scrutinized in accordance with the provisions of Modalities. Finalized EoIs will be considered as Blocks and put-up for bidding. Contractor is required to submit the bid as per published NIO and modalities. EoI originator is eligible for originator incentive. A total of 30 EoIs with an area of 2,25,110 sq.km have received in EoI Window – XVI, XVII & XVIII during the FY 2023-24. The details are given below: - S.No. EoI Window Period No. of EoI Area 1 EoI Window – XVI 01.04.2023-31.07.2023 21 202910 2 EoI Window – XVII 01.08.2023-30.09.2023 5 16256 3 EoI Window – XVIII 01.12.2023-31.03.2024 4 5944 (Under examination) Table 6.9: EoIS Received in FY 2023-24 Summary of Participation In Eight rounds of bid under OALP, 149 blocks were on offer and 144 exploration blocks covering an area of 2,42,056 sq. Km. were awarded to successful bidders. Five (5) unawarded blocks were offered under OALPRound-III and in all of them CBM was focus; however, no bids were received for those CBM blocks. 252 bids were received for remaining 144 blocks that are spread over 19 Sedimentary Basins. Table 6.10: Summary of participation in OALP rounds OALP Bid Round Blocks on offer Number of participants No. of bids Area on offer (sq.km.) Area awarded (sq.km.) No. of Blocks Awarded OALP-I 55 9 110 59,283 59,283 55 OALP-II 14 8 33 29,233 29,233 14 OALP-III 23* 5 42 31,722 29,765 18 OALP-IV 7 2 8 18,510 18,510 7 OALP-V 11 3 12 19,789 19,789 11 OALP-VI 21 3 24 35,346 35,346 21 OALPVII 8 4 10 15,766 15,766 8
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