Oilfield exploration bidding deadline extended to Dec 30.

The bid submission deadline for the eighth oilfield exploration licensing round has been extended to December 30, as per a notification on the website of the Directorate General of Hydrocarbons.

The government had launched the eighth round under the Open Acreage Licensing Policy on July 7 and is hoping to attract more bidders by stretching the timelines.

The original bid submission deadline was September 6.

Ten oil and gas blocks have been offered in the eighth round. In the first seven rounds, 134 blocks have been awarded.

ET