{"id":12702,"date":"2020-01-03T17:10:34","date_gmt":"2020-01-03T11:40:34","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=12702"},"modified":"2020-01-03T17:10:34","modified_gmt":"2020-01-03T11:40:34","slug":"open-acreage-licensing-programme-oalp","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/open-acreage-licensing-programme-oalp\/","title":{"rendered":"Open Acreage Licensing Programme (OALP)"},"content":{"rendered":"\n<p><strong>News:<\/strong> Ministry of Petroleum and Natural Gas signed contracts for 7 blocks, awarded under Open Acreage Licensing Programme (OALP) Bid Round &#8211; IV.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>Open Acreage Licensing Programme (OALP):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Launched in 2016, OALP, is a part of Hydrocarbon Exploration and Licensing Policy (HELP).<\/li><li>&nbsp;&nbsp;It is aimed at enabling faster survey and assessment of areas with oil and gas potential.<\/li><li>It enables companies apply for particular areas they deem to be attractive to invest in, and the Centre then puts those areas up for bids.<\/li><\/ul>\n\n\n\n<p><strong>Hydrocarbon Exploration and Licensing Policy (HELP):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Introduced in 2016, it is a contractual and fiscal model for award of hydrocarbon acreages towards exploration and production (E&amp;P).<\/li><\/ul>\n\n\n\n<p><strong>Major Characteristic Features:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Single License for both conventional and unconventional Hydrocarbons<\/li><li>Transition from Cost Recovery mechanism to Revenue Sharing mechanism.<\/li><li>Full Marketing &amp; Pricing Freedom<\/li><li>Low regulatory burden<\/li><li>Fiscal incentives provided to investors<\/li><\/ul>\n\n\n\n<p><strong>Implementing Agency:<\/strong> Directorate General of Hydrocarbons (DGH), Ministry of Petroleum and Natural Gas<\/p>\n\n\n\n<p><strong>Additional Information:<\/strong><\/p>\n\n\n\n<p><strong>National Data Repository<\/strong>: It is an integrated data repository of Exploration and Production (E&amp;P) data of Indian sedimentary basins.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News: Ministry of Petroleum and Natural Gas signed contracts for 7 blocks, awarded under Open Acreage Licensing Programme (OALP) Bid Round &#8211; IV. Facts: Open Acreage Licensing Programme (OALP): Launched in 2016, OALP, is a part of Hydrocarbon Exploration and Licensing Policy (HELP). &nbsp;&nbsp;It is aimed at enabling faster survey and assessment of areas with&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/open-acreage-licensing-programme-oalp\/\">Continue reading <span class=\"screen-reader-text\">Open Acreage Licensing Programme (OALP)<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3988,3142],"class_list":["post-12702","post","type-post","status-publish","format-standard","hentry","category-economy","tag-help","tag-open-acreage-licensing-programme-oalp","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700784853,"cached_date":1704298587},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/12702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=12702"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/12702\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=12702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=12702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=12702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}