CCEA approves award of contract in 31 contract areas (44 fields) of Discovered Small Fields of ONGC and OIL

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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
15-February-2017 19:50 IST

In-place locked hydrocarbons volume of 40 MMT oil and 22.0 BCM of gas expected to be monetised over a period of 15 years

Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to award contract in 31 contract areas (44 fields – 28 onland and 16 offshore) of discovered small fields of Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL). These areas were discovered long back but these discoveries could not be monetized due to various reasons such as isolated locations, small size of reserves, high development costs, technological constraints, fiscal regime etc.

For early monetization of these fields, in September, 2015, Cabinet approved 69 marginal fields for offer under Discovered Small Fields Policy. Out of these, 67 Discovered Small Fields were clubbed into 46 contract areas and put on offer through online international competitive bidding. A total of 134 e-bids were received for 34 contract areas. A total of 47 companies submitted their bid, out of which 43 are Indian Companies and rest 04 are foreign companies.

These contract areas have been awarded under the new regime of Revenue Sharing Model. Award of contract is expected to provide faster development of fields and facilitate production of oil and gas thereby increasing energy security of the country. It is expected that in-place locked hydrocarbons volume of 40 MMT oil and 22.0 BCM of gas will be monetised over a period of 15 years. The production from these contract areas will supplement the domestic production.

The list of successful bidders is annexed.

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Annexure

LIST OF CONTRACT AREAS RECOMMENDED FOR AWARD

S.no	Name of Contract Area	Company Name
S.no	Name of Contract Area	Company Name
1	HILARA DSF 2016	Prize Petroleum Company Limited
2	KARAIKAL-DSF-2016	Bharat PetroResources Limited
3	ACHANTA -DSF-2016	PFH Oil and Gas Pvt Ltd
4	SANARUDRAVARAM-DSF-2016	Prize Petroleum Company Limited
5	BAKHRI TIBBA-DSF-2016	Bharat PetroResources Limited
6	SADEWALA-DSF-2016	Bharat PetroResources Limited
7*	NOHTA-DSF-2016	Indian Oil Corporation Ltd
8	JERAIPATHAR-DSF-2016	Indian Oil Corporation Ltd
9	B-37 CLUSTER-DSF-2016	Sun Petrochemicals Pvt. Ltd.
10	B-9 CLUSTER-DSF-2016	Adani Welspun Exploration Ltd.
11	B-15 CLUSTER-DSF-2016	Bharat PetroResources Limited
12	B-127E CLUSTER-DSF-2016	Bharat PetroResources Limited
13	KD-DSF-2016	Indian Oil Corporation Ltd
14	GS-KV1 CLUSTER-DSF-2016	KEI-RSOS Petroleum & Energy Pvt Ltd
15	LAXMIJAN-CLUSTER-DSF-2016	Megha Engineering And Infrastructures Limited
16	PATHARIA CLUSTER-DSF-2016	Vijayasri Bhaskar Industries Private Limited
17	BARSILLA-DSF-2016	Ramayna Ispat Private Limited
		BDN Enterprises Pvt Ltd
		Duggar Fiber Pvt Ltd
		Mahendra Infratech Pvt Ltd
18	CHARAIDEO-DSF-2016	Oilmax Energy Private Limited
19	ELAO-DSF-2016	PFH Oil And Gas Private Limited
20	SOUTH PATAN-DSF-2016	South Asia Consultancy Fze
21	KHAMBEL-DSF-2016	Megha Engineering And Infrastructures Limited
22	KAMBOI-DSF-2016	Nippon Power Ltd
23	WEST BECHRAJI-DSF-2016	Nippon Power Ltd
24	NEDUVASAL-DSF-2016	Gem Laboratories Private Limited
25	BHIMANAPALLI CLUSTER-DSF-2016	PFH Oil And Gas Private Limited
26	KORAVAKA-DSF-2016	KEI-RSOS Petroleum & Energy Pvt Ltd
27	KHEREM-DSF-2016	Hindustan Oil Exploration Company Limited
		Oil India Limited
		Prize Petroleum Company Limited
28	DIPLING CLUSTER-DSF-2016	Ramayna Ispat Private Limited
		Bdn Enterprises Pvt Ltd
		Duggar Fiber Pvt Ltd
		Mahendra Infratech Pvt Ltd
29	DUARMARA-DSF-2016	Oilmax Energy Private Limited
30	B-80-DSF-2016	Hindustan Oil Exploration Company Limited
30	B-80-DSF-2016	Adbhoot Estates Private Limited
31	D-18-DSF-2016	Enquest Drilling Private Limited
31	D-18-DSF-2016	SKN Haryana City Gas Distribution Pvt Ltd