Disclaimer
  • This 'Indicative Viability Calculator' has been prepared for the general use of the investors and to facilitate investors to help project the viability of their investments.
  • This 'Indicative Viability Calculator' has not been prepared considering individual's investment objectives, financial situations or particular needs.
  • Any person considering potential investment opportunities should carry out their own due diligence in respect of such opportunity and make their own commercial assessment of an investment opportunity after seeking the advice from this 'indicative viability calculator'.
  • The 'Indicative Viability Calculator' does not purport to be all-inclusive or necessarily contain all the information and may be subject to updating, revision or amendment.
  • The developer of this calculator, under no circumstances whatsoever, should be held liable for any loss of profit resulted from investment made considering this 'indicative viability calculator'.
  • This calculator works only in MS Excel 2013 or higher.
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Salient Features of Discovered Small Field Policy
  • Revenue Sharing contract: A simple and easy to administer contractual model in line with Government’s effort to promote ‘Ease of doing business’.

  • Upto 100% FDI participation by foreign companies, joint ventures.

  • Single licence for Conventional & Un-conventional hydrocarbon: Single licence for explore and extract all type of hydrocarbon resources will be allowed.

  • No restriction on exploration activity during contract period: Contractor will be allowed to carry out exploration during entire contract duration.

  • Crude Oil & Gas Pricing and Sale: Freedom to sell crude oil exclusively in domestic market. For Gas pricing, contractor will have freedom for pricing of gas produced.

  • Open to all: To incentivize new investors, technical capability is not kept as a pre-qualification criteria.

  • No carried interest by National Oil Companies (ONGC, OIL) or State participation.

  • Revenue sharing after onset of Production: Biddable Government share of revenue (net of Royalty) shall be payable only after onset of production.

  • Custom duty: Customs duty is exempted on import of goods and services for Petroleum operations

  • Oil Cess: No Oil Cess will be applicable on crude oil production