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India opens third OALP licensing round

India has launched the third bidding round under its Open Acreage Licensing Policy as it seeks to expand domestic gas production India has launched the third bidding round under its Open Acreage Licensing Policy as it seeks to expand domestic gas production.
By Andrew Walker 12 February 2019 Asia Pacific / Exploration & Production 0 33931
A rig in India. (Cairn India)

The launch of the third bidding round under India’s Open Acreage Licensing Policy (OALP) reveals how the government is driving to expand domestic production and limit the country’s reliance on imported LNG.

The third round was launched by Dharmendra Pradhan, minister for petroleum and natural gas, at the Petrotech 2019 conference in New Delhi on Sunday. It will run concurrently with the second licensing round, which was launched on 7 January.

Pradhan spoke about the need for India to increase its domestic gas production...