Special DSF Bid Round 2024
With the objective to augment domestic production of Petroleum and Natural Gas, the Ministry of Petroleum & Natural Gas, Government of India announces the Special DSF Bid Round offering Two (02) Discovered Small Field located in Mumbai Offshore (MB/OSDSF/C37/2024 & MB/OSDSF/B15/2024) and One (01) Discovered Coal Bed Methane field located in West Bengal (SR-ONCBM(Raniganj)-2024) through International Competitive Bidding (“ICB”).
Salient features of the terms of Special DSF Bid Round:
- Single License for conventional and un-conventional hydrocarbon
- No upfront signature bonus
- Exploration allowed during entire contract period
- Full pricing and marketing freedom
- Easy to administer Revenue Sharing Contracts
Launch of NIO & MRSC of Special DSF Bid Round: 28/05/2024
Bid Submission Start through bidding portal: 28/05/2024
Bid Submission Closing date: 13/09/2024 (IST 1200 hrs)
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28th May, 2024
Launch of NIO & MRSC of Special DSF Bid Round
28th May, 2024
Bid Submission Start through bidding portal
13th September, 2024
Bid submission Closing
