India to offer 21 oil, gas blocks in OALP-XI bid round

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India is set to launch its 11th Open Acreage Licensing Policy (OALP) round, offering 21 oil and natural gas blocks spanning over 80,000 sq km. This move comes as the previous OALP-X round, the largest ever with 25 blocks, faces extended deadlines. Bidding parameters will prioritize revenue share and work programs for different basin categories.