Bidding said to open soon for oil and gas exploration under India’s new OALP

India is likely to offer 26 unexplored oil and gas fields to domestic and international exploration and production (E&P) majors to kick-start the government’s newly unveiled Open Acreage Licensing Policy (OALP). Prospective investors have been allowed access to geological data of these oil and gas fields and, although no official confirmation was available, sources say the bidding process will open in the next two months.