On 10 February 2019, at the India Petrotech event 2019, Indian Government, launched the third round of Open Acreage Licensing Programme (OALP-III). Of the offered 23 blocks, two blocks are located in the onshore Cambay Basin. Â Â   At the event, the Directorate General of Hydrocarbons (DGH) issued the Notice Inviting Offers (NIO) and Model Revenue Sharing Contract (MRSC) for OALP-III, offering a total of 23 blocks, including 14 onshore, three shallow water, one deepwater and five coalbed methane (CBM) blocks, covering a combined area of around 31,700 sq km. Bidders were invited to submit their bids via the e-bidding portal from 11 February 2019, until the bid closing deadline on 10 April 2019. It is understood that of the 23 blocks offered, five CBM blocks have been carved out by the Directorate General of Hydrocarbons (DGH).   The Cambay Basin covers an area of around 53,500 sq km, including around 48,882 sq km onshore and around 4,618 sq km shallow water in Gulf of Cambay. It is understood from DGH that the Cambay Basin has discovered resources of around 1,800 MMtoe and undiscovered resources of 786 MMtoe. The Cambay Basin is an intracratonic rift type basin. As of February 2019, it is understood from DGH report that so far more than 2,757 exploration wells have been drilled in the Cambay Basin with more than 97 oil and gas discoveries/fields, including giant oil fields: Ankleshwar and Gandhar. Around 123,059 km 2D and 181,96.58 sq km 3D seismic data has been acquired in the basin.Â    The Cambay Basin is a proven basin and late-Miocene to early Cretaceous in the Deccan trap are the resource plays. It is understood that of the two blocks offered in the Cambay Basin, one block is near to Oilex Ltd (Oilex)âs Cambay field and Gujarat State Petroleum Corp Ltd (GSPCL)âs Tarapur and Kanwara fields, whereas another block is south of Oil and Natural Gas Corp (ONGC)âs Padra field and northeast of recent West Matar discovery.Â Â Â Â Â Â Â Â    The table below lists the details of two onshore blocks on offer under OALP-III in Cambay Basin:Â Â            Block name         Approx. area    (sq km)         Target depth for wells   to be drilled (m)         Minimum net worth   requirement   Â (USD million)         Requisite bid bond    (USD)         Block history      Â           Onshore                     Â           CB-ONHP-2018/3         519.17         1,500         5.64         246,000         1,302.37 km 2D seismic data and 2 wells   drilled       Â           CB-ONHP-2018/4         558.72         1,000         5.76         264,000         648.32 km 2D, 96.44 sq km 3D seismic data and 11   wells drilled       Â           Source: DGH,   India         Â©   2019 IHS Markit                                        Â   For more details on bidding terms and conditions for OALP-III, please refer to main OALP-III bidding article in GEPS.Â    https://pgeps.ihsenergy.com/GEPS/Display/c08aaae4-1e04-4685-9bd7-5fc853b25dcd
On 10 February 2019, at the India Petrotech event 2019, Indian Government, launched the third round of Open Acreage Licensing Programme (OALP-III). Of the offered 23 blocks, two blocks are located in the onshore Cambay Basin.    At the event, the Directorate General of Hydrocarbons (DGH) issued the Notice Inviting Offers (NIO) and Model Revenue Sharing Contract (MRSC) for OALP-III, offering a total of 23 blocks, including 14 onshore, three shallow water, one deepwater and five coalbed methane (CBM) blocks, covering a combined area of around 31,700 sq km. Bidders were invited to submit their bids via the e-bidding portal from 11 February 2019, until the bid closing deadline on 10 April 2019. It is understood that of the 23 blocks offered, five CBM blocks have been carved out by the Directorate General of Hydrocarbons (DGH). The Cambay Basin covers an area of around 53,500 sq km, including around 48,882 sq km onshore and around 4,618 sq km shallow water in Gulf of Cambay. 