India's Hydrocarbon Outlook – 2022-2023

32 DGH: 3 DECADES OF UNLOCKING INDIA'S HYDROCARBON POTENTIAL 2007 • Ravva Oil Field discovered in KG Offshore • DGH Established • ONGC is re-organised as a corporation 1987-1993 • GoI formulated CBM Policy • GoI approved NELP • NELP-I launched offering 48 blocks 1997-1999 2000-2002 • NELP-II launched with 25 blocks on offer • First round of CBM bidding • NELP-III launched offering 27 blocks 2003 • Second Round of CBM blocks bidding • NELP-IV launched • Mangala Oil Field discovered in Rajasthan • Third Round of CBM bidding • NELP-V launched offering 20 blocks 2004-2005 2006 • NELP-VI launched offering 55 blocks • MA Oil Field, KG Offshore Discovered • Fourth round of CBM bidding • NELP-VIII launched with 70 blocks on offer 2008- 2009 • NELP-VIII launched with 57 blocks on offer • CBM extension policy introduced • Discovery of D1 & D3 Gas Fields, KG offshore