Insight
India offers 55 blocks under first open acreage licensing round - incumbents to dominate
Report summary
The open acreage licensing programme (OALP) allows companies to declare acreage of interest, which is then opened for competitive bidding to other interested companies along with the originator. Of the 55 blocks on offer, 46 are located onshore, 8 in shallow waters and one in deepwater. Nearly 60,000 square kilometres of area is on offer. Bids are due by 3 April 2018. The names of the originators are confidential, but we believe these were primarily Indian incumbent players. The focus was on proven basins with a target to fill out areas surrounding existing blocks. Block awards will be made as revenue sharing contracts with no cost recovery mechanism.
Table of contents
-
A new era for India's oil and gas licensing policy
- Round importance and expectations
- Blocks on offer
-
Terms and conditions
- Timeline
- Evaluation process
- Prospectivity
-
Economic analysis
- Fiscalsystem
- Bidding impact on the field economics
- International competitiveness
- Appendix
Tables and charts
This report includes 10 images and tables including:
- OALP I - 55 blocks on offer across India
- Field assumptions
- Criteria for success - our view
- OALP I - timeline
- OALP I - Bid criteria
- OALP I - Notional revenue scenarios versus LRP and HRP
- Contractor revenue share under different bidding strategies
- Onshore gas - LRPs at different prices
- Shelf oil - LRPs at different prices
- Regional benchmarking - government share
What's included
This report contains:
Other reports you may be interested in
Country Report
Greenland upstream summary
Government suspends oil and gas exploration - In July 2021, the Greenland government announced it would not issue any new exploration ...
$3,400
Asset Report
Kharsang
The Kharsang oil and gas field is located in the Upper Assam Valley, in the state of Arunachal Pradesh, in northeast India.
$3,100
Country Report
Timor-Leste upstream summary
Upstream summary for Timor-Leste. The long-running maritime border dispute with Australia was resolved in 2019.
$5,400
