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, three blocks are located in the Assam Shelf and two blocks are located in Assam-Arakan fold belt (Tripura-Cachar 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 Assam Shelf and Assam-Arakan Basin covers onshore area of around 136,825 sq km, consisting Assam Shelf of around 56,000 sq km and Assam-Arakan fold belt (Tripura Cachar Basin) of around 80,825 sq km. It is understood from DGH that the Assam Shelf has discovered resources of around 1,868.4 MMtoe and undiscovered resources of around 4,132.8 MMtoe, whereas the fold belt region has discovered resources of around 178 MMtoe and undiscovered resources of around 1,454.8 MMtoe. The Assam Shelf and Assam-Arakan Basin is a proven basin. As of February 2019, it is understood from DGH report that so far around 1,308 exploration wells have been drilled in the basin, with several commercial oil and gas discoveries and more than 100 oil and gas fields. Around 69,771.9 km 2D and 15,137.26 sq km 3D seismic data has been acquired in the basin.Â    Offered two blocks are in Tripura-Cachar Basin while three blocks are located in Assam Shelf-Schuppen belt. Oligocene to Pliocene are the resource plays in fold belt region, while Assam Shelf has resource plays from Paleocene to Pliocene.Â Â    The table below lists the details of five blocks on offer under OALP-III in Assam Shelf and Tripura-Cachar Basin:           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           Assam Shelf                     Â           AA-ONHP-2018/1         248.87         1,500         5.00         121,500         133.94 km 2D, 69.96 sq km 3D seismic data and   3 wells drilled       Â           AA-ONHP-2018/2         2,526.74         1,500         12.20         1,000,000         1 well drilled       Â           AA-ONHP-2018/3         1,234.42         2,000         7.99         598,500         407.45 km 2D seismic data      Â           Tripura-Cachar                     Â           AA-ONHP-2018/4         44.01         3,000         5.00         21,000         107.58 km 2D seismic data      Â           AA-ONHP-2018/5         207.74         2,500         5.00         99,000         105.51 km 2D seismic data      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, three blocks are located in the Assam Shelf and two blocks are located in Assam-Arakan fold belt (Tripura-Cachar 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 Assam Shelf and Assam-Arakan Basin covers onshore area of around 136,825 sq km, consisting Assam Shelf of around 56,000 sq km and Assam-Arakan fold belt (Tripura Cachar Basin) of around 80,825 sq km.