The government on Thursday pushed back by a month the last date of bidding for a record number of oil and gas blocks to May 2. Bidding in the auction of 55 exploration blocks on offer for prospecting of oil as under the open acreage licensing policy (OALP) was to originally close on April 3.
“Attention!! Bid submission date for OALP Bid Round-I is extended till 2nd May, 2018,” the Directorate General of Hydrocarbon (DGH) tweeted. It did not give any reason for the extension. DGH is holding roadshows to attract investors for OALP bid round being held under the new Hydrocarbon Exploration and Licensing Policy.
