Page 120 - DGH_Annual_Report

120 INDIA'S HYDROCARBON OUTLOOK 2024-2025

Basin Category Sl. No. Basin Name No. of Blocks Area Awarded
19 Chhattisgarh 0
20 Narmada 1 2,999
21 Spiti-Zankskar 0

22 Deccan Syneclise 0
23 Cuddapah 1 3,306
24 Karewa 0
25 Bhima-Kaladgi 0
26 Bastar 0

Sub Total Category-III 15 39,050.94
Grand Total 172 3,78,652.87

6.8.3 Bidding Round Completed in FY 2024- Total seven (07) Companies- Three (03) PSUs
25: viz. M/s ONGC Limited., M/s OIL and M/s IOCL
and four (04) private sector companies viz. M/s
• OALP Bid Round-IX : Reliance Industries Limited (RIL), M/s British

Government had launched OALP Bid Round- Petroleum Exploration (Alpha) Limited, M/s Sun
IX on 3rd January 2024 offering 28 Blocks with Petrochemical Private Limited and M/s Vedanta
an area of around 1,36,596 sq.km for Exploration Limited participated in the bidding process.
and Development through International The submitted bids were evaluated and Blocks
Competitive Bidding. Out of 28 Blocks, 23 Blocks were awarded to H1 bidders. The details are
are carved out based on the EoIs received during tabulated below :-
different EoI Windows and five (5) blocks were
carved out by DGH.
Name of H1 Bidder No. of Blocks
These 28 Blocks are spread over eight (8) Awarded
Sedimentary Basins where 16 Blocks are cover M/s OIL 6
under Category-I Basins and 12 Blocks are cover
under Category-II Basins. M/s ONGC 11
M/s ONGC + M/s BPEAL + M/s 1
OALP Round-IX is mainly focused on Deep / Ultra RIL (Consortium)
Deep-water exploration where out of total Area
offered, Ultra-Deep-Water blocks covers an area M/s ONGC + M/s OIL 3
of 96,073 Sq. km in 11 Blocks which account of (Consortium)
more than 70% of total area. Remaining Nine (9) M/s Vedanta 7
Blocks with an area of 13875 Sq.km are in Onland
and Eight (8) Blocks with an area of around 28
26648 Sq.Km. are in Shallow Water.
Total Committed Investment in this round is
The bidding was closed for OALP bid round Expected to be 990 MMUSD.
IX on 21st September 2024 and 60 bids were
submitted and received. OALP-IX witnessed a Expected Committed Work Plan:
remarkable increase in bidding activity, with
the average number of bids per block rising to 2D Seismc (LKM) 11742
2.4 from just 1.3 in the previous round. A total of 3D Seismic (SKM) 19247
Seven (7) bidders including three (3) public and
four (4) private parties participated in the Bid Wells 45
Round. Committed Investment 990 MMUSD