Total 105 Exploration blocks awarded under Open Acreage Licensing Policy
89 Blocks are presently active for carrying out exploration activities
Government notified the policy reforms for enhancing domestic exploration and production
04 AUG 2021 3:24PM by PIB Delhi
The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written reply to a question in the Rajya Sabha today informed that total 105 Exploration blocks admeasuring an area of 156,580 Square Kilometer have been awarded under Open Acreage Licensing Policy (OALP) in 5 Bid Rounds. Out of 105 Blocks, 89 Blocks are presently active for carrying out exploration activities.
Production of Crude Oil from NELP blocks started in 2004-2005. Cumulative production of Crude Oil from 2004-05 to 2020-21 is 4.9 million metric tonne (MMT). Commercial production of crude oil has not commenced from OALP blocks so far.
The Government notified the policy reforms vide notification dated 28th February, 2019, in exploration and licensing policy for enhancing domestic exploration and production. The reforms provide that in respect of the large and marginal nomination fields, Oil and Natural Gas Corporation Limited (ONGC) and Oil India Limited (OIL) can choose field specific production enhancement models including farm out and Joint Ventures/ Technical Service Model.
Monetisation of identified pipelines of GAIL through InVIT mechanism for providing new sources of funds for infrastructure development is envisaged.
(Release ID: 1742271)
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