India Awards 23 Blocks Under DSF Round 2
Indian government has awarded 23 oil and gas blocks under the Discovered Small Fields (DSF) bid round 2, it said March 7.
A total of 14 companies were awarded the 23 contract areas with big winners being ONGC and Ganges Geo Resources who won five blocks each.
The bidding under DSF bid round 2 started on August 9, 2018, and 25 contract areas were on offer covering 59 discovered oil and gas fields with an area of 3,042 km2.
Out of the total 145 e-bids received, 103 e-bids were received for onland contract areas and 42 e-bids were received for offshore contract areas. As many as 40 companies (individually or as member of the bidding consortium) have participated in the bid round, the government said.
Indian oil minister Dharmendra Pradhan said there is huge potential in these reserves and their exploration will positively impact the Indian economy. He said that the hydrocarbon policies are being made, after extensive consultation with all stakeholders.