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Indian government discovered small fields bid round III: discussion and interview with the DGH
03 September 2021
The Indian Government, through its upstream regulator the
Directorate General of Hydrocarbons (DGH), launched the third
bidding round under the Discovered Small Fields policy, DSF-III, on
10 June 2021. DSF-III offers 32 contract areas, comprising 75
fields/discoveries, with a combined total area of more than 13,000
sq km, in nine sedimentary basins. The fields on offer include a
few of the nomination fields of National Oil Company, Oil and
Natural Gas Corporation Limited, and some of the
relinquished/unmonetized discoveries.
This is an exciting round with much potential on offer as the 32
offered contract areas have a total resource potential of around
230 million tonnes of oil equivalent (MMtoe)/1.7 billion barrels
(oil & oil equivalent of gas (OEG)). The original deadline for
submission of bids was 31 August 2021, however, this has now been
postponed to 29 October 2021; the bids submission on the DGH
e-bidding portal will commence from 1 October 2021.
The downloadable map (Figure 1) below illustrates the location
of the offered contract areas, in relation to India's oil and gas
basins by percentage of total production in 2020. The accompanying
table (Figure 2) summarizes the contract areas on offer in each
basin.
Figure 1: Map showing India Discovered Small Fields Bid
Round III
Figure 2: Overview of contract areas with discoveries by
basin, as offered in India's DSF-III bid round
Dr. Anand Gupta (Additional Director General (Development)) and
Ms. Tinku S. Nischal (Head of Department (DSF)) from DGH India join
Rahul Chauhan (Sr. Research Analyst, IHS Markit) to present on the
DSF-III bid round, discussing the round's opportunities with focus
on the contract areas' known discoveries, geological potential,
broad policy features, and the bidding process.
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