India Announces Discovered Small Field Bid Round-III

Source: www.gulfoilandgas.com 12/21/2021, Location: Asia

Following the success of DSF Bid Round-I (2016) and DSF Bid Round-II (2018) and the fact that there are still many more unexploited discoveries, India has announced the DSF Bid Round-III where discoveries will be offered for International Competitive Bidding. Salient features of DSF Policy include:

- Single License for conventional and un-conventional hydrocarbon
- No upfront signature bonus
- Exploration allowed during entire contract period
- Provision for sharing of common facilities
- Full pricing and marketing freedom
- Easy to administer Revenue Sharing Contracts
- Bid submission for the DSF Bid Round-III will start on 01st February, 2022 and end on 15th March, 2022


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