oil-pump-The Government of India, Ministry of Petroleum & Natural Gas, has invited bids for 11 blocks of Open Acreage Licensing Policy (OALP) Bid Round-V.

The bids will be placed for exploration, development and monetisation of 11 blocks likely to contain both conventional and/or unconventional hydrocarbon resources, distributed in eight sedimentary basins of India.

A total of eight onland blocks, two shallow water blocks and one ultra deep water blocks are on offer.

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