Bid & Tender
Centre to Launch Auction of 60 Oil and Gas Fields

Date : Aug 01, 2018

The Central government is planning to launch the auction of 60 oil and gas fields being offered on its second round of bidding for Discovered Small Field (DSF) on 9 August 2018.

 

The DSF-II was supposed to be launched around mid-June 2018, but was deferred due to some reasons.

 

The 60 discoveries have been clubbed into 26 contract areas spread over 3,100 sq km in eight sedimentary basins.

 

The fields are being offered in Rajasthan, Gujarat, Kutch and Cambay shallow waters, Mumbai offshore, Assam and Tripura, Mahanadi shallow water, Andhra Pradesh on land and KG offshore.

 

The fields on offer hold an estimated 1.4 billion barrels of oil and oil equivalent gas.

 

Of the 60 fields which will be up for auctions, 22 fields belong to ONGC, five to OIL and 12 are relinquished discovered fields from the New Exploration and Licensing Policy (NELP) blocks.