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Government launches 8th round of bidding for 10 oil and gas blocks

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The Indian Ministry of Petroleum is launching the eighth round of the open acreage licensing program to offer international competitive bidding. This new cycle aims to add exploration acreage, covering 34,364.53 km² and taking the total exploration coverage of OALP to 242,055 km². With significant contractual framework and incentive structure modifications, this program has awarded 134 E&P blocks since its inception in March 2016. Hurry! This round ends on July 5.

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