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.

Notice Inviting Offer (NIO) New Model Revenue Sharing Contract (MRSC) New Special CBM Bid Round-2022 Brochure New Geoscientific Information New
Timelines
10th October, 2022

Launch of bid round

2nd December, 2022

Investors' Meet (Bhopal)

16th December, 2022

Pre-Bid Conference

01st February, 2023

Bid start date

17th March, 2023

Bid closing date