e-bidding portal launched for the industry
India is offer 55 bidder selected blocks for hydrocarbon prospecting, the largest offering in eight years.
Each block is carved out by prospective bidders themselves in promising basins with an area of 59,282 sq kms under Bid Round I of the Open Acreage Licensing (OAL) Programme for international competitive bidding on 18 Jan 2018.
Minister of Petroleum and Natural Gas Dharmendra Pradhan also launched the e-bidding portal and the Notice Inviting Offer (NIO).
The e-bidding portal is a fully safe, secured and transparent e-bidding platform wherein the bidders can submit their bids from anywhere in the world.
In parallel, ‘DGH OneTouch’ mobile application was also launched which would act as a one stop solution for accessing information about the Directorate General of Hydrocarbons (DGH), policy initiatives and other relevant information on the move.
He highlighted major initiatives such as the Introduction of Hydrocarbon Exploration and Licensing Policy (HELP), Discovered Small Field (DSF), National Data Repository (NDR) and Hydrocarbon Resource Reassessment study.
The reassessment study undertaken for the first time in two decades has indicated a significant increase, about 50%, in resource estimation.
Infusion of world class technology and collaboration with global oil and gas companies would strengthen the country’s exploration and production ecosystem. fii-news.com
