Discovered Small Field Bid |ForumIAS

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Ministry of Petroleum of Natural Gas (MoPNG) announced Discovered Small Field (DSF) Bid Round 2016 on 25^thMay 2016, offering 46 contract areas across 9 sedimentary basins, for development.
The technical bid documents were opened on 21^stNovember at DGH’s Noida office in the presence of the all the bidders.
The evaluation of the bids would be undertaken in a time bound manner and it is expected that the contract areas would be awarded expeditiously.
The Government endeavors to award the contract areas at the earliest, so as to expedite the monetization of the hydrocarbon production from these fields.
The DSF bid encouraged an insight into the investment appetite of the sector.