Oil Minister Dharmendra Pradhan today unveiled to investors here India’s upcoming second round of auction of discovered oil and gas fields, and said that over 195 million tonnes of hydrocarbon reserves would be put on offer.
The bid dates for the Discovered Small Field round II (DSF-II), where 22 contract areas made up of 60 discovered oil and gas fields would be offered, are yet to be announced.
In a series of tweets, Pradhan said DSF Round-I was a success which has given “immense confidence on the upcoming discoveries under DSF-II”.
“A whopping 60 large size discoveries with an in-place reserve volume of over 195 million tonnes of oil and oil equivalent gas is on offer under DSF-II,” he tweeted. Read More