Private companies get 15 contracts
The Empowered Committee of Secretaries (ECS) and Group of Ministers has approved the award of 23 contract areas to Highest Ranked Bidders as part of the Discovered Small Field (DSF) Bid Round – II.
The bid submission process under DSF Bid Round–II was successfully completed on 30 January 2019. The bidding under DSF bid Round-II started on 9 August 2018, and 25 contract areas were on offer covering 59 discovered oil and gas fields, spread over 3,000 sq km with prospective resource base of over 190 MMT (O+OEG).
Under DSF Bid Round-II, a total of 145 bids were received in 24 Contract Areas. As many as 40 companies (Individually or as member of the bidding consortium) have participated in the bid round, Ministry of Petroleum and Natural Gas said on 1 Mar 2019.
Six foreign companies also participated in the bidding round. This bid round saw more than anticipated participation from new entrants from India and foreign countries like USA, UK, Australia, Singapore and UAE.
The bids (online first envelopes and hard copies) were opened on 30 January 2019 at DGH’s Noida office in the presence of the bidders.
The evaluation of the bids was undertaken in a time bound manner and the commercial bids (second envelopes) were opened on 14 February 2019.
Subsequently through detailed process of evaluation, 14 companies (singly or in Consortium) have been shortlisted for award in 23 Contract Areas.
Out of there 14 companies, eight are new entrants in the E&P Sector.
Evaluation of the Contract Area CB/ONDSF/Sanganpur/2018 has been kept in abeyance as the matter is sub-judice.
Fifteen contracts were awarded to private companies, seven to public sector units (PSUs) and one to PSU+Private Company. Fourteen of these contracts were onshore/onland and nine offshore.
Government endeavors to execute these contracts at the earliest so that the awardee can commence production to expedite the monetization of the hydrocarbon production from these fields.
The production from areas offered in DSF-I is likely to start as per contract timelines from 2019-20 onwards and now DSF-II areas follow, as a continuum, to add up to the domestic production and increasing the numbers of oil & gas operators in the country.
Contract-wise list of awardees is as under
Duly approved List of Awardees for 23 Contract Areas for which Bidding was carried out under DSF Bid Round – II are as follows:
Sl No Basin/Location Contract Area Name Company Name(s) PI (%)
1 Assam Shelf/Assam AA/ONDSF/Madhakali/2018
ARSH CORPORATE SERVICES PRIVATE LIMITED 100%
2 AA/ONDSF/Umatara/2018
INDIAN OIL CORPORATION LTD 90%
HINDUSTAN OIL EXPLORATION COMPANY LIMITED 10%
3 AA/ONDSF/Disaijan/2018
INVENIRE ENERGY PRIVATE LIMITED 100%
4 AA/ONDSF/Tiphuk/2018
SHANTI G.D. ISPAT AND POWER PVT. LTD. 19%
BAGADIYA BROTHERS PRIVATE LIMITED 70%
SHANNO BUSINESS INDIA PRIVATE LIMITED 11%
5 AA/ONDSF/Hazarigaon/2018
VEDANTA LIMITED 100%
6 Assam-Arakan Fold Belt/ Tripura
AA/ONDSF/Tulamara/2018
OIL INDIA LIMITED 100%
7 Cambay Basin/Gujarat
CB/ONDSF/Vadatal/2018
GANGES GEO RESOURCES PRIVATE LIMITED 100%
8 CB/ONDSF/A1/2018
SHANTI G.D. ISPAT AND POWER PVT. LTD. 19%
BAGADIYA BROTHERS PRIVATE LIMITED 70%
SHANNO BUSINESS INDIA PRIVATE LIMITED 11%
9 CB/ONDSF/D45/2018
GANGES GEO RESOURCES PRIVATE LIMITED 100%
10 Rajasthan RJ/ONDSF/Chinnewala/2018
OIL AND NATURAL GAS CORPORATION LIMITED 100%
11 KG Onland/Andhra Pradesh
KG/ONDSF/Palakollu/2018
GANGES GEO RESOURCES PRIVATE LIMITED 100%
12 KG/ONDSF/Suryaraopeta/2018
GANGES GEO RESOURCES PRIVATE LIMITED 100%
13 KG/ONDSF/Kaza/2018
VEDANTA LIMITED 100%
14 KG/ONDSF/Gokarnapuram/2018
KEERTHI INDUSTRIES LIMITED 100%
15 KG Offshore KG/OSDSF/G4/2018
GEM PETRO E&P PRIVATE LIMITED 100%
16 KG/OSDSF/GSKW/2018
OIL INDIA LIMITED 100%
17 Mumbai Offshore MB/OSDSF/CA/2018
OIL AND NATURAL GAS CORPORATION LIMITED 100%
18 MB/OSDSF/D31/2018
ARCH SOFTWARES PRIVATE LIMITED 100%
19 MB/OSDSF/NMT/2018
OIL AND NATURAL GAS CORPORATION LIMITED 100%
20 MB/OSDSF/SB15/2018
OIL AND NATURAL GAS CORPORATION LIMITED 100%
21 MB/OSDSF/D33/2018
OIL AND NATURAL GAS CORPORATION LIMITED 100%
22 MB/OSDSF/D18/2018
GANGES GEO RESOURCES PRIVATE LIMITED 100%
23 Bengal-Purnea Basin/Mahanadi Offshore NEC/OSDSF/D11/2018
ARCH SOFTWARES PRIVATE LIMITED 100%
Discovered Small Field Bid Round-II
Breakup of PSU & Private – Companies awarded
PSUs
Indian Oil Corporation Ltd.
Oil India Limited
Oil and Natural Gas Corporation Limited
Private
Arsh Corporate Services Private Limited (New)
Invenire Energy Private Limited (New)
Hindustan Exploration Company Oil Limited
Shanti G.D. Ispat and Power Pvt. Ltd. (New)
Bagadiya Brothers Private Limited (New)
Shanno Business India Private Limited (New)
Vedanta Limited
Ganges Geo Resources Private Limited (New)
Keerthi Industries Limited (New)
Gem Petro E&P Private Limited
Arch Softwares Private Limited (New).
-/fiinews.com
