India’s Hydrocarbon Outlook 2024 147 A Report on Exploration & Production Activities iii. Discovered Small Field Bid Round-III (2021) Building on the achievements of the preceding DSF Bid Round-I (2016) and DSF Bid Round-II (2018), and recognizing the wealth of untapped discoveries, the DSF Bid Round-III commenced Sl. No. Basin Basin Category Contract Areas awarded under DSF Bid Round-II Active PML Awaited Terminated/ Relinquished Total 1 Mumbai Cat-I 6 6 2 Krishna Godavari 2 3 1 6 3 Assam Shelf 3 2 5 4 Assam- Arakan fold belt 1 1 5 Cambay 2 2 4 6 Rajasthan 1 1 7 Bengal-Purnea Cat-II 1 1 Grand Total 16 3 5 24 Table 6.2: Status of Contract Areas awarded under DSF Bid Round-II Figure 6.2: Status of Contract Areas awarded under DSF Bid Round-II on June 10, 2021. During this round, Government of India offered 32 Contract Areas with 75 discoveries across nine sedimentary basins (including 7 Category-I and 2 Category-II Basin), covering about 13,000 square kilometres of area and having 232 Million Metric Tonnes (O+OEG) of in-place reserves. A total of 107 bids were received for 32 contract areas. As a result of DSF Bid Round-III, the Government of India awarded 31 Contract Areas, and the Revenue Sharing Contract (RSC) for awarded Contract Areas were signed on September 09, 2022 with the successful awardee companies. These 31 Contract Areas, including 11 onshore and 20 offshore blocks, with 74 discoveries across nine sedimentary basins, covering approximately 12,727 square kilometres of area and having 230 Million Metric Tonnes (O+OEG) of in-place reserves. During DSF Bid Round-III, some additional provisions and incentives were designed to encourage exploration and production activities in the oil and gas sector. 5 CA's 21% 16 CA's 67% 3 CA's 12% Active PML pending with State authority Terminated/Relinquished
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