Oil India Wins 9 Blocks In OALP Round 9, Doubles Exploration Acreage

Oil India on Tuesday announced that it has secured nine blocks in the ninth round of the Open Acreage Licensing Policy auction, adding over 51,000 square km to its exploration portfolio. With this addition, the company’s total exploration acreage has expanded from 60,000 square km to 110,000 square km, it said in an exchange filing.

Of the nine blocks, six have been awarded to Oil India as the sole operator, while the remaining three were secured in partnership as part of a consortium. The company won all the blocks it had bid for in the latest round.

The new awards mark Oil India’s entry into the Cambay Basin in Gujarat’s Bharuch district, as well as its first foray into Meghalaya.