DISCOVERED SMALL FIELD BID ROUND-III

About:

• Government of India had launched Discovered Small Field (DSF) Policy in 2015 for awarding discovered acreages and monetize the unmonetized discoveries.
  
  
• The DSF policy has multiple attractive features like revenue sharing contract model with low regulatory burden, no minimum biddable work programme, no prior technical qualification required, no upfront signature bonus, etc.
  
  
• In DSF Round – I launched in 2016, 134 bids were submitted for 34 contract areas by 47 companies. 30 Revenue Sharing Contracts were signed.
  
  
• In DSF Round – II launched in 2018, 145 bids were submitted for 24 contract area. 24 Revenue Sharing Contracts were signed.
  
  
• Encouraged by the success of DSF bid rounds-I &II, the Government of India has extended the DSF Policy by launching DSF bid round-III.