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- Ministry of Petroleum of Natural Gas (MoPNG) announced Discovered Small Field (DSF) Bid Round 2016 on 25thMay 2016, offering 46 contract areas across 9 sedimentary basins, for development.
- The technical bid documents were opened on 21stNovember 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.
