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DAILY NEWS ANALYSIS
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20 March, 2026
3 Min Read
Oil India Limited has undertaken seismic studies in the blocks awarded under the 9th round of OALP. This step has been taken to assess hydrocarbon potential and to formulate an effective bidding strategy for the upcoming 10th round. This development highlights the growing importance of data-driven exploration and strategic planning in India’s oil and gas sector.
The Open Acreage Licensing Policy (OALP) was introduced by the Government of India on March 30, 2016, as part of the Hydrocarbon Exploration and Licensing Policy. It replaced the earlier New Exploration and Licensing Policy, which had been in operation for more than 18 years.
OALP represents a major reform in India’s hydrocarbon exploration regime, as it provides greater flexibility and autonomy to companies.
Key Features of OALP
Under OALP, companies are allowed to identify and propose blocks of their choice for exploration. This is a significant shift from the earlier system where companies could only bid for areas notified by the government.
Companies can conduct technical feasibility studies to assess the likelihood of hydrocarbon presence. If the study indicates potential, they can proceed with prospecting activities, such as drilling and surveys, after obtaining approval.
The Directorate General of Hydrocarbons (DGH) plays a crucial role in granting approvals for exploration. In cases where multiple companies apply for the same block, the allocation is done through a competitive auction process.
OALP provides companies access to the National Data Repository (NDR), which is an online database containing:
Seismic survey data
Geological maps
Well logs
Exploration history
This access helps companies make informed and scientific decisions before investing.
Earlier, under NELP, companies had to wait for government-announced bidding rounds. However, OALP allows companies to initiate exploration at any time, thereby increasing efficiency and participation.
OALP is important because it:
Promotes ease of doing business in the oil and gas sector
Encourages private and foreign investment
Enhances domestic exploration and production
Helps in reducing India’s dependence on energy imports
In conclusion, OALP marks a transformational shift in India’s hydrocarbon exploration policy by moving from a government-controlled system to a more market-driven approach. The recent initiative by Oil India Limited further underlines the policy’s role in enabling scientific and strategic exploration practices.
Source: INDIAN EXPRESS
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Following the launch of Operation Epic Fury (U.S.) and Operation Roaring Lion (Israel), the geopolitical landscape has shifted fundamentally with the confirmed death of Iran’s Supreme Leader, Ayatollah Ali Khamenei.Iran retaliated through Operation True Promise 4, launching missile attacks against Israel and nearby Gulf states. The escala
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