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Government of India
Ministry of Petroleum & Natural Gas
15-February-2017 19:50 IST
CCEA approves award of contract in 31 contract areas (44 fields) of Discovered Small Fields of ONGC and OIL

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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RG

 

Annexure

LIST OF CONTRACT AREAS RECOMMENDED FOR AWARD

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

Adbhoot Estates Private Limited

31

D-18-DSF-2016

Enquest Drilling Private Limited

SKN Haryana City Gas Distribution Pvt Ltd