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Apr 09, 2019
Overhauled oil policy to apply from 4th bid round; move aims at wooing private, foreign investments: DGHUnder OALP, companies are allowed to put in an expression of interest (EoI) for prospecting of oil and gas in any area that is presently not under any production or exploration licence.
Jan 07, 2019
Govt expects about Rs 40,000 cr investment in OALP-II bid round; 14 blocks put up for auction: Oil ministerIndia had in July 2017 allowed companies to carve out blocks of their choice with a view to bringing about 2.8 million sq km of unexplored area in the country under exploration.