India’s Hydrocarbon Outlook 2024 21 A Report on Exploration & Production Activities In 1993, GoI offered blocks for geophysical and other surveys to update the information on hydrocarbon potential of India’s unexplored sedimentary basins. Once the surveys on these blocks were completed, they were to be offered in subsequent rounds of exploration. The second speculative survey round was launched in 1994 and the third round in 1995. The third round was called as Joint Venture Speculative Survey Round (JVSSR) with a provision of risk participation/ cost sharing by DGH upto 50%. Government of India has signed 28 contracts for blocks offered under Pre-NELP Exploration regime. b. Pre-NELP Discovered Field or Development Rounds Government offered Petroleum Mining Lease (PML) of small/ medium sized discovered fields (proven reserves were discovered by ONGC and OIL) to the private sector in August 1992. Production Sharing Contracts (PSCs) awarded during 1991-1993 had the distinctive feature of operators as private companies with ONGC/ OIL as having participating interest. These rounds received overwhelming response from various private E&P operators. Government of India has signed 28 contracts (One PSC for Panna Mukta–PM) for 29 discovered fields under PreNELP Discovered (Small and Medium size fields) regime. Table 1.2: Pre-NELP Exploration Blocks Table 1.3: Pre-NELP Discovered Field or Development Rounds Year Exploration Rounds Contracts Signed Description Offshore Onshore Total 1980 First Round PSC Signed with Chevron, USA and 3 wells were drilled without success. Block area was relinquished in 1985 1 - 1 1982 Second Round No PSC signed - - - 1986 Third Round - - - - 1991 Fourth Round 5 PSC signed 2 3 5 1992 First development round - - 1993 Fifth Round Second development round 4 2 6 1993 Sixth Round First speculative survey round 2 3 5 1994 Seventh Round - 2 3 5 1994 Eighth Round Second speculative survey round 1 3 4 1995 Ninth Round JV Exploration program 1 1 2 Total 13 15 28 Month/Year of Award Round Blocks offered in Medium sized Field Round Blocks offered in Small sized Field Round Contracts signed Offshore Onshore Offshore Onshore August, 1992 1 6 6 10 21 18 October, 1993 2 2 6 4 29 10 Total Contracts signed 28
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