DSF Bid Round IV

With the objective to augment domestic production of Petroleum and Natural Gas, the Ministry of Petroleum & Natural Gas, Government of India announces the DSF Bid Round IV offering 55 Discoveries across 9 Contract Areas with ~260 MMTOE In-Place (2P, O+OEG).

KEY IMPROVEMENTS FOR INVESTOR FRIENDLY DSF BID ROUND IV BUSINESS MODEL :

• Bundling of discoveries in each contract area for cost-effective integrated development.
• Introduction of Rationalized period beyond the development period - up to max 10 years.
• Early monetization incentive extended to the Rationalized period.
• Early monetization incentive: Revenue share thresholds further reduced.
• Re-introduction of Extra days for additional stability.
• Clarity on payment of financial dues and exchange rates.
• Swapping of bid Work program wells across discoveries in the contract area.