Facilitation Workshop on Open Acreage Licensing Programme

Speed Post News Network

New Delhi : To handhold and apprise the prospective investor community about the salient features of Hydrocarbon Exploration & Licensing Policy (HELP) framework and details about the ebidding process, the Government concluded a facilitation workshop at  Ahmedabad on February 15, 2018, after a similar event in Mumbai a few days back.

The workshop conducted by Director General, Directorate General of Hydrocarbons (DGH), along with other senior Government officials, witnessed over 150 participants from Exploration and Production (E&P) companies, investors, entrepreneurs, academicians etc. Besides the requisite information about Open Acreage Licensing Programme (OALP) Bid Round I, the DGH officials shared information about the fields to be offered under Discovered Small Field – DSF Bid round II which is to be launched soon by the government, according to a PIB release.

Sixty discovered small fields having established In-place volumes of over 1.4 Billion Barrels of Oil & Oil Equivalent Gas (O+OEG) in commercially producing basins are likely to be offered in DSF-II. As compared to DSF- I, the fields are larger in size with almost double, in-place volumes. DSF-I saw phenomenal response with 134 bids and resulted in entry of 13 new entrants (12 private and 1 foreign) in the Indian E&P sector.

Atanu Chakraborty, Director General of Hydrocarbons, set the context for the workshop by elaborating on the various investment opportunities available under the renewed policy framework in the E&P sector.  Sanjay Kumar Jain, Director (Exploration), MoPNG, talked on the policy regime under HELP. Such facilitation workshops are also planned in Kolkata and Hyderabad