Govt defers bid deadline for OALP-II by a month to Apr 10

The government has deferred by one month the last date for bidding for the 14 oil and gas exploration blocks offered in the second round of Open Acreage Licensing Policy (OALP).

Bids for the 14 blocks offered in OALP-II bid round, covering an area of 29,333 square kilometres, were to close on Tuesday.

"Bid submission closing date for OALP Bid Round-II stands extended up to April 10, 2019," the Directorate General of Hydrocarbon (DGH) said in a brief notice.

It did not give reasons for extending the deadline.

The last date of bidding coincides with the bid deadline for the 23 oil and gas and coal-bed methane (CBM) blocks offered in the third round of OALP, which was launched on February 10.

OALP-II bid round was delayed at six months and its launch came barely a month before the third round.

Officials said OALP-II and OALP-III will run concurrently.

(Agencies)