The Director General of Hydrocarbons (DGH) under the aegis of ministry of Petroleum & Natural Gas (MoPNG) has announced Notice Inviting Offers (NIO) for the development of the Discovered Small Field Bid Round-3 (DSF-3). Seventy Five (75) oil & gas fields in Thirty two {32) contract areas in both offshore and onshore are being offered.
As per the letter of offer the biddable work program consists of 20% weightage while revenue sharing is 80% weightage. The minimum net worth of the bidding company should be more than 1 Million US Dollar and equal to or more than the PI in the work program committed.
Bid submission for DSF-III extended, . Bid submission for DSF Bid Round-III will start on 20th April, 2022 and end on 31st May, 2022
TPC have evaluated these blocks and classified them in to 4 broad categories:
- Contract areas which have high technical/commercial/monetization/operational risks
- Contract areas which have low technical risks but high monetization risk
- Contract areas which have low overall risks and high rewards but with high appraisal/development cost.
- Contract areas which have low overall risks and moderate rewards but with low/moderate appraisal/development cost.
TPC is endowed with a team of professionals who have scouted scores of opportunities all around the globe and have worked in various basins in India and are in a pivotal position to advise and recommend attractive portfolios. We categorize the contract areas in to various Risk-Reward classes and the guiding factor has always been the risk appetite and reward expectations of the client.
