Page 121 - DGH_Annual_Report

New Investment Opportunities in E&P Sector 121

6.8.4 Current Investment Opportunity: 12 blocks (1,23,733 sq. km) are in Ultra-Deep
Water, and
• OALP Bid Round- X
1 block (9,991 sq. km) falls under Deep
OALP Bid Round-X was launched at the India Water.
Energy Week Summit 2025 on 11th Feb,2025 in
New Delhi. In this bid round, 25 blocks spread Moreover, notably, 16 blocks, accounting for
across 13 Sedimentary Basins covering an area 97,919.6 Sq.Km. (51%) fall within areas previously
of 1,91,986.21 sq. km are on offer for bidding designated as “No-Go” zones.
to investors. OALP Bid Round-X is the largest
bid round in terms of acreage under the HELP Additionally, for OALP Round X, a new e-bidding
regime portal has been introduced to enhance
transparency and security, along with features
This bid round primarily focuses on offshore designed to improve ease of doing business for
exploration, featuring 19 offshore blocks spanning investors.
a total area of 1,75,115 sq. km. Additionally, 6
onland blocks cover an area of 16,871 sq. km. A 70% of total area falls in Deep/ Ultra Deep
water whereas 21.5% of area is in Shallow Water
Among the offshore blocks: offshore. Remaining area is fall under Onland.
The Bid Closing date for this Round is 31.07.2025.
6 blocks (41,391 sq. km) are located in
Shallow Offshore, The Blocks on offer are tabulated below:-

S. Basin Name Basin Block Name Block Well Minimum Bid
No. Category Area Target Net worth Bond
(Sq.km) Depth (m) (MMUSD) (USD)
ONLAND BLOCKS, 6 Blocks (16871 Sq.km)
1 RAJASTHAN RJ- 5953.44 1400 23.98 200000
ONHP-2024/1
I
2 CAMBAY CB- 126.44 2600 5 9000
ONHP-2024/1
3 VINDHYAN VN- 4275.13 Not 17.95 200000
II
ONHP-2024/1 Biddable
4 KAREWA KR- 283.83 Not 5 20000
ONHP-2024/1 Biddable
5 HIMALAYAN III HF- 990.86 Not 7.44 68800
FORELAND ONHP-2024/1 Biddable

6 GANGA- GP- 5241.1 Not 21.94 200000
PUNJAB ONHP-2024/1 Biddable
SHALLOW WATER BLOCK, 6 Blocks (41392 Sq.km)

7 MB- 5838.03 2950 54.6 200000
MUMBAI OSHP-2024/1
8 OFFSHORE MB- 13131.72 2070 98 200000
I
OSHP-2024/2
9 KRISHNA- KG- 2967.83 2750 37.08 170600
GODAVARI OSHP-2024/1
10 GS- 3125.84 Not 37.8 192000
II OSHP-2024/1 Biddable
SAURASHTRA
11 GS- 6501.38 Not 58.66 200000
II
OSHP-2024/2 Biddable