Discovered Small Fields Bid Round-III
Following the success of DSF Bid Round-I (2016) & DSF Bid Round-II (2018) and the fact that there are still many more unexploited discoveries, Government is coming up with DSF Bid Round-III where discoveries will be offered for International Competitive Bidding. Salient features of DSF Policy includes:
- Single License for conventional and un-conventional hydrocarbon
- No upfront signature bonus
- Exploration allowed during entire contract period
- Provision for sharing of common facilities
- Full pricing and marketing freedom
- Easy to administer Revenue Sharing Contracts
Above information on offered blocks is based on recent preliminary survey by DGH and NOC. It is advised that prospective bidders should visit the field/wellsites of the offered Contract Area and carry out the detailed survey for making an informed decision prior to bidding.
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10th June, 2021
Launch of NIO & MRSC of DSF-III
30th June, 2021
Virtual Pre-bid Conference
20th April, 2022
Bid Submission start through bidding portal
31st May, 2022
Bid submission Closing