India’s Directorate General of Hydrocarbons has published documents for a second round of bidding for licenses containing discovered small fields (DSFs).
It will launch DSF Bid Round II in June, offering 26 contract areas on which 60 small fields have been discovered.
The areas, 15 onshore and 11 in the shallow offshore, cover a total of 3,100 sq km in eight sedimentary basins with estimated total hydrocarbons in place of 1.4 billion boe of oil and natural gas.
DGH hopes to sign revenue-sharing contracts by November. It will open data rooms in June and bidding via a portal on its web site in July. Bidding closes in September.
It will score bids 20% on the basis of work program and 80% on the basis of government revenue share.
DGH awarded 30 contract areas in its DSF Bid Round I, in which India made its first use of the revenue-sharing contract (OGJ Online, Mar. 28, 2017).
