The Government has launched the Open Acreage Licensing Programme (OALP) Bid Round-VIII under the Hydrocarbon Exploration and Licensing Policy (HELP).
Hydrocarbon Exploration and Licensing Policy (HELP
The Hydrocarbon Exploration and Licensing Policy (HELP) was promulgatedon 30 March 2016. It comes with attractive and liberal terms like:
- reduced royalty rates,
- no Oil cess,
- no revenue share bidding for blocks in Category-II and III Basins,
- marketing and pricing freedom,
- round the year bidding,
- freedom to investors for carving out blocks of their interest,
- a single license to cover both conventional and unconventional hydrocarbon resources,
- exploration permission during the entire contract period, and
- an easy, transparent and swift bidding and awarding process.
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