Insight
Is India's acreage exciting enough to entice IOCs?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
India’s government is prioritizing domestic oil and gas to meet burgeoning energy demand with affordable, accessible and secure sources of supply. Changes to terms were introduced for the Open Acreage Licensing Policy round 8 (OALP-VIII) and additional improvements have been made for OALP-IX to attract explorers. ONGC once again dominated OALP-VIII. OALP-IX is being touted as a “mega-round”: large swathes of offshore acreage that were previously off-limits are now on offer. Key changes to contract terms were made to attract explorers. New, raw seismic data are available. Are the new frontier areas attractive enough? We review the geology and provide our assessment of risks of three key basins.
Table of contents
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OALP-IX is open for bidding
- Andaman
- Mahanadi and Bengal basins
Tables and charts
This report includes the following images and tables:
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Blocks and Identified Prospect Areas on offer in OALP-IX and awarded in OALP-VIIIPlay elements of the Andaman, Mahanadi and Bengal basins
What's included
This report contains:
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