https://www.taxtmi.com/news?id=40995 The OALP framework allocated exploration areas in the ninth bid round by awarding blocks based mainly on the highest offered revenue share and the committed work programme. Awards spanned onshore to ultra-deepwater areas and went to state-owned firms, private companies and a consortium combining a national oil company, a domestic conglomerate and an international energy major. OALP continues to provide marketing and pricing freedom, a revenue-sharing model, reduced royalty incentives, and a procedural advantage to firms that nominate acreage, all intended to stimulate upstream investment through competitive bidding. en-us Tue, 15 Apr 2025 19:46:03 +0530 Tue, 15 Apr 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40995 The OALP framework allocated exploration areas in the ninth bid round by awarding blocks based mainly on the highest offered revenue share and the committed work programme. Awards spanned onshore to ultra-deepwater areas and went to state-owned firms, private companies and a consortium combining a national oil company, a domestic conglomerate and an international energy major. OALP continues to provide marketing and pricing freedom, a revenue-sharing model, reduced royalty incentives, and a procedural advantage to firms that nominate acreage, all intended to stimulate upstream investment through competitive bidding. News - Tue, 15 Apr 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=40995