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Discovered Small Field Award of 23 Contract Areas

Press Information Bureau 
Government of India
Ministry of Petroleum & Natural Gas
01-March-2019 17:24 IST
Award of 23 contract areas under DSF-II 

The Empowered Committee of Secretaries (ECS) and Group of Ministers has approved the award of 23 contract areas to Highest Ranked Bidders as part of the Discovered Small Field (DSF) Bid Round – II.

Award+of+23+contract+areas+under+DSF
The bid submission process under DSF Bid Round – II was successfully completed on January 30, 2019. The bidding under DSF bid Round-II started on 9th August 2018, and 25 contract areas were on offer covering 59 discovered oil and gas fields, spread over 3,000 Sq. Kms with prospective resource base of over 190 MMT (O+OEG).

Under DSF Bid Round-II, a total of 145 bids were received in 24 Contract Areas. Asmany as 40 companies (Individually or as member of the bidding consortium) have participated in the bid round. 6 foreign companies also participated in the bidding round. This bid round saw more than anticipated participation from new entrants from India and foreign countries like USA, UK, Australia, Singapore and UAE.

The bids (online first envelopes and hard copies) were opened on 30th January 2019 at DGH’s Noida office in the presence of the bidders. The evaluation of the bids was undertaken in a time bound manner and the commercial bids (second envelopes) were opened on 14th February 2019. Subsequently through detailed process of evaluation, 14 Companies (singly or in Consortium) have been shortlisted for award in 23 Contract Areas. Out of there 14 Companies, eight are new entrants in the E&P Sector. Evaluation of the Contract Area CB/ONDSF/Sanganpur/2018 has been kept in abeyance as the matter is sub-judice.

Details of Contract areas awarded
CONTRACT AREAS
ONLAND
14
OFFSHORE
9
TOTAL
23
Total number of approved contract areas
PSUs
PSU+ Private Company
Private companies
23
7
1
15
ONGC- 5
OIL - 2
IOC & HOEC- 1
Ganges Geo Resources Private Limited – 5
Vedanta Limited - 2
Arch Softwares Private Limited - 2
Shanti G.D. Ispat and Power Pvt. Ltd. }
Bagadiya Brothers Private Limited } 2
Shanno Business India Private Limited }
Arsh Corporate Services Private Limited – 1
Invenire Energy Private Limited - 1
Keerthi Industries Limited - 1
Gem Petro E&P Private Limited - 1

Government endeavors to execute these contracts at the earliest so that the awardee can commence production to expedite the monetization of the hydrocarbon production from these fields.

The production from areas offered in DSF-I is likely to start as per contract timelines from 2019-20 onwards and now DSF-II areas follow, as a continuum, to add up to the domestic production and increasing the numbers of oil & gas operators in the country.

Contract-wise list of awardees is as under

Duly approved List of Awardees for 23 Contract Areas for which Bidding was carried out under DSF Bid Round – II are as follows:
Sl No
Basin / Location Contract Area Name
Company Name(s)
PI (%)
1
Assam Shelf / Assam AA/ONDSF/Madhakali/2018 ARSH CORPORATE SERVICES PRIVATE LIMITED
100%
2
AA/ONDSF/Umatara/2018 INDIAN OIL CORPORATION LTD
90%
HINDUSTAN OIL EXPLORATION COMPANY LIMITED
10%
3
AA/ONDSF/Disaijan/2018 INVENIRE ENERGY PRIVATE LIMITED
100%
4
AA/ONDSF/Tiphuk/2018 SHANTI G.D. ISPAT AND POWER PVT. LTD.
19%
BAGADIYA BROTHERS PRIVATE LIMITED
70%
SHANNO BUSINESS INDIA PRIVATE LIMITED
11%
5
AA/ONDSF/Hazarigaon/2018 VEDANTA LIMITED
100%
6
Assam-Arakan Fold Belt/ Tripura AA/ONDSF/Tulamara/2018 OIL INDIA LIMITED
100%
7
Cambay Basin/ Gujarat CB/ONDSF/Vadatal/2018 GANGES GEO RESOURCES PRIVATE LIMITED
100%
8
CB/ONDSF/A1/2018 SHANTI G.D. ISPAT AND POWER PVT. LTD.
19%
BAGADIYA BROTHERS PRIVATE LIMITED
70%
SHANNO BUSINESS INDIA PRIVATE LIMITED
11%
9
CB/ONDSF/D45/2018 GANGES GEO RESOURCES PRIVATE LIMITED
100%
10
Rajasthan RJ/ONDSF/Chinnewala/2018 OIL AND NATURAL GAS CORPORATION LIMITED
100%
11
KG Onland / Andhra Pradesh KG/ONDSF/Palakollu/2018 GANGES GEO RESOURCES PRIVATE LIMITED
100%
12
KG/ONDSF/Suryaraopeta/2018 GANGES GEO RESOURCES PRIVATE LIMITED
100%
13
KG/ONDSF/Kaza/2018 VEDANTA LIMITED
100%
14
KG/ONDSF/Gokarnapuram/2018 KEERTHI INDUSTRIES LIMITED
100%
15
KG Offshore KG/OSDSF/G4/2018 GEM PETRO E&P PRIVATE LIMITED
100%
16
KG/OSDSF/GSKW/2018 OIL INDIA LIMITED
100%
17
Mumbai Offshore MB/OSDSF/CA/2018 OIL AND NATURAL GAS CORPORATION LIMITED
100%
18
MB/OSDSF/D31/2018 ARCH SOFTWARES PRIVATE LIMITED
100%
19
MB/OSDSF/NMT/2018 OIL AND NATURAL GAS CORPORATION LIMITED
100%
20
MB/OSDSF/SB15/2018 OIL AND NATURAL GAS CORPORATION LIMITED
100%
21
MB/OSDSF/D33/2018 OIL AND NATURAL GAS CORPORATION LIMITED
100%
22
MB/OSDSF/D18/2018 GANGES GEO RESOURCES PRIVATE LIMITED
100%
23
Bengal-Purnea Basin / Mahanadi Offshore NEC/OSDSF/D11/2018 ARCH SOFTWARES PRIVATE LIMITED
100%


Discovered Small Field Bid Round-II

Breakup of PSU & Private – Companies awarded

PSUs
  • Indian Oil Corporation Ltd.
  • Oil India Limited
  • Oil and Natural Gas Corporation Limited
Private
  • Arsh Corporate Services Private Limited (New)
  • Invenire Energy Private Limited (New)
  • Hindustan Exploration Company Oil Limited
  • Shanti G.D. Ispat and Power Pvt. Ltd. (New)
  • Bagadiya Brothers Private Limited (New)
  • Shanno Business India Private Limited (New)
  • Vedanta Limited
  • Ganges Geo Resources Private Limited(New)
  • Keerthi Industries Limited(New)
  • Gem Petro E&P Private Limited
  • Arch Softwares Private Limited(New)
*****

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