Special CBM Bid Round-2022
Government announces the offer of 16 CBM Blocks under Open Acreage Licensing Policy ("OALP") through International Competitive Bidding ("ICB").
Salient Features of Special CBM Bid Round-2022
- Prior experience in Oil and Gas sector NOT mandatory.
- All Blocks in Category-III basin i.e. no revenue sharing till windfall gain.
- Single state carving out of block for administrative ease (each block falls within one state only).
- Single License for Conventional & Un-conventional Hydrocarbons.
- Full Marketing and Pricing Freedom for Gas produced.
- Exploration allowed during entire contract period.
- No overlap of CBM Blocks with existing/proposed Coal Blocks/mines.
- 100% participation from foreign companies/Joint ventures.
- Availability of Gas Pipeline infrastructure around the Blocks.
Timelines
10th October, 2022
Launch of bid round
2nd December, 2022
Investors' Meet (Bhopal)
10th April, 2023
Pre-Bid Conference
1st May, 2023
Bid start date
31st May, 2023
Bid closing date