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Rs 40,000 crore investment expected in OALP-II bid round

Updated : January 07, 2019 07:03 PM IST

In the first round of OALP last year, as much as Rs 60,000 crore was committed in the exploration of oil and gas in 55 blocks or areas, he said adding a third round of OALP with 12 oil and gas blocks and five coal-bed methane (CBM) blocks would be launched within this month.
The 14 blocks being offered in OALP-II bid rounds cover an area of 29,333 square kilometers and bids close on March 12, he said at the launch event.
Rs 40,000 crore investment expected in OALP-II bid round

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