Auction of 25 oil and gas fields deferred by a month, says DGH


Auction of 25 oil and gas fields deferred by a month, says DGH

The government has deferred the auction of 25 oil and gas fields by one month that hold resources worth an estimated Rs 1 lakh crore, upstream regulator Directorate General of Hydrocarbons (DGH) said.

The second round of Discovered Small Fields (DSF) auction opened in August and December 18 was the last date for submission of bids. “Due to consistent demand of investors, the last date for submission of bids for India DSF Bid Round-II is now extended till 1200 hrs January 18, 2019,” the DGH said in a tweet.

Bids will be opened on the same day, it added.

In 2016, the government brought in a new DSF policy wherein ‘idle’ small discovered fields of state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) Read More

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