India’s Hydrocarbon Outlook 2024 166 A Report on Exploration & Production Activities FDP Submission: Operator (M/s. Vedanta) has submitted the Field Development Plan (FDP) for discovery Jaya-1 in Block CB-O NHP-2017 in time span of less than three (3) years. FDP was approved and development activities already commenced in the Block. Investment Opportunity: OALP Bid Round-IX Government of India has launched OALP Bid Round-IX on 03rd January 2024 offering 28 Blocks with an area of around 1,36,000 sq.km for Exploration and Development through International Competitive Bidding. Out of 28 Blocks, 23 Blocks are carved out based on the EoIs received during different EoI Windows and five (5) are DGH carved out Blocks. These 28 Blocks are spread over eight (8) Sedimentary Basins where 16 Blocks fall under Category-I Basins and 12 Blocks are fall under Category-II Basins. OALP Round-IX is mainly focused on Deep / Ultra Deep-water exploration where Out of total Area offered, Ultra-Deep-Water blocks covers an area of 96,073 Sq. km in 11 Blocks which account of more than 70% of total area. Remaining Nine (9) Blocks with an area of 13875 Sq.km are in Onland and Eight (8) Blocks with an area of around 26648 are in Shallow Water. The bid closing date of RoundIX is 31.08.2024.
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