India’s Hydrocarbon Outlook 2024 145 A Report on Exploration & Production Activities Sl. No. Basin Basin Category Contract Areas awarded under DSF Bid Round-I Active PML Awaited Terminated/ Relinquished Total 1 Assam Shelf Cat-I 5 1 1 7 2 Assam- Arakan fold belt 2 2 3 Cambay 5 5 4 Krishna Godavari 3 1 1 5 5 Mumbai Offshore 2 3 5 6 Cauvery 2 2 7 Rajasthan 2 2 8 Kutch Offshore Cat-II 1 1 9 Vindhyan 1 1 Grand Total 15 4 11 30 i. Discovered Small Field Bid Round-I (2016) The DSF Bid Round-I launched on May 25, 2016, as part of Hon’ble Prime Minister’s overarching vision to reduce India’s dependence on imported Oil and Gas. During this round, Government of India offered 46 Contract Areas with 67 discoveries across nine sedimentary basins, covering about 1,551 square kilometres of area and having 86 Million Metric Tonnes (O+OEG) of in-place reserves. As a result of DSF Bid Round-I, the Government of India awarded 30 Contract Areas, and the Revenue Sharing Contract (RSC) for awarded Contract Areas were signed on March 27, 2017. These 30 Contract Areas, including 23 onshore and 07 shallow offshore blocks with 43 discoveries across nine sedimentary basins, covering approximately 777 square kilometres of area and having 44.66 Million Metric Tonnes (O+OEG) of in-place reserves. Key Highlights of DSF Bid Round-I are as outlined below: • A total of 134 bids were received for 34 contract areas. • The bidding process was transparent and conducted through an online bidding portal, with strong handholding support provided to bidders and investors. The bid round was concluded in a record time of 10 months. • Prior technical experience was not a prequalification criterion. • Twenty-two (22) companies, either singly or in consortium, were shortlisted for 31 contract areas. Of these 22 companies, 15 were new entrants to the E&P sector. • 30 Contract Areas (23 onshore and 07 offshore) were successfully awarded. Twenty companies, either singly or in consortium, signed the RSC on March 27,2017. Of these 20 companies, 13 were new entrants to the Indian E&P industry. Table 6.1: Status of Contract Areas awarded under DSF Bid Round-I
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