https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

ONGC Dominates OALP-IX as India Unveils Major Reforms in Oil Exploration

ONGC emerged as the top bidder with 15 blocks, while the government launched new initiatives including DSF-IV and a Special CBM Round to boost domestic hydrocarbon production.
Indian Masterminds Stories

In the latest Round-IX of the Open Acreage Licensing Policy (OALP), state-run Oil & Natural Gas Corporation (ONGC) has emerged as the biggest winner. The Maharatna PSU secured 11 exploration blocks independently and joined consortia to win four additional blocks. Oil India Ltd (OIL) bagged six blocks on its own and three more through consortium bids. From the private sector, Vedanta picked up seven blocks, while the Reliance-BP alliance won one block in partnership with ONGC.

This round included 28 blocks spanning 1.37 lakh sq km, comprising onland, shallow water, and ultra-deep water categories. The awards were announced during a signing ceremony in New Delhi. Petroleum Minister Hardeep Singh Puri said the government is open to revising policies to suit industry needs, citing the implementation of the updated Oilfields (Regulation and Development) Act, 1948.

Under the 2024 DSF round, AWEL and HOEC received two blocks in the Mumbai Basin. DSF-IV, with 55 discoveries, was also launched. Puri highlighted India’s CBM potential of 2,600 BCM and announced a Special CBM 2025 round with three new blocks.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Kerala_govt_resized
11 IAS Officers Transferred in Kerala, Keshvendra Kumar Appointed Secretary, Finance
GRID
Amit Kumar Jain Appointed Director (Finance) at Grid-India
IRS Officer Indian revenue Services
IRS Charanpreet Singh Bakshi Gets Extension as Joint Secretary in Ministry of Minority Affairs
ITS Indian Trade Service
2 Senior ITS Officers Appointed as OSDs at DoT Headquarters, Deb Kumar Chakrabarti Made OSD to Member, Services
IDAS Officer Indian Defence Accounts Service
4 Senior IDAS Officers in HAG Rank Get New Postings, Alka N Arora Posted As Principal Integrated Financial Advisor (Air Force)
HPCL_logo_HIndustan Petroleum
HPCL Q4 Profit Rises 18% to Rs. 3,355 Crore; Announces Rs. 10.50 Dividend Despite LPG Loss Buffer
IPS logo resized
Delhi Court Orders FIR Against 2023-Batch Trainee IPS Officer for Alleged Assault - Know the Case
G
Senior IFS Officer G. Chandrasekhar Reddy Appointed as Telangana's Chief Information Commissioner - Know More About Him
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Sandeep Tamgadge
IPS Sandeep Tamgadge’s Two Decades of Service in Nagaland
IMG-20250429-WA0019
How Mission IAS is Transforming Dreams of Underprivileged UPSC Aspirants
Aakash Garg
Computer Engineer Aakash Garg Takes AIR-5 in UPSC CSE 2024 Through Sheer Discipline And Hard Work | Exclusive
ADVERTISEMENT
UPSC Stories
iqbal-ahmad-upsc-2024
From Cycle Repair Shop to UPSC Rank 998: UP's Iqabal Ahmad’s Inspiring Journey Against All Odds
Iqbal Ahmad, son of a handyman from Sant Kabir Nagar, secured 998th rank in UPSC 2024, fulfilling his...
IPS Sandeep Tamgadge
IPS Sandeep Tamgadge’s Two Decades of Service in Nagaland
For over 20 years, IPS officer Sandeep Tamgadge has served Nagaland, navigating its unique cultural landscape...
Shubham Kaurav UPSC
Four Attempts, One Dream: How Shubham Kaurav Cracked UPSC CSE with AIR 291
With determination, self-study, and a strategic mindset, Gwalior’s Shubham Kaurav turned years of hard...
Social Media
Shakti Dubey AIR 1
UPSC Rank 1 Shakti Dubey's Success Sparks Debate on Civil Services Examination System, Ex-IPS Officer Raises Questions
Shakti Dubey’s UPSC Rank 1 success has sparked debate after ex-IPS officer Yashovardhan Azad questioned...
IAS Pulkit Garg
Central Jail Road Transforms into a Vibrant People-Centric Street in Varanasi
This road has been given a soul, the soul of a musical path, adorned with pink enamel folk art and every...
Rajan Singh Ex-IPS
Ex-IPS Officer Rajan Singh Shares Powerful Insight on Influence through Action
Mr. Rajan Singh is an ex-IPS officer of the 1997-batch (Kerala cadre) and founder of HabitStrong Org...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Kerala_govt_resized
11 IAS Officers Transferred in Kerala, Keshvendra Kumar Appointed Secretary, Finance
GRID
Amit Kumar Jain Appointed Director (Finance) at Grid-India
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IPS Sandeep Tamgadge
IMG-20250429-WA0019
Aakash Garg
ADVERTISEMENT
ADVERTISEMENT