The third spherical of auctions below the Found Small Fields (DSF) regime for oil and gasoline blocks was launched on Thursday. Beneath this bid spherical, 32 Contract Areas comprising 75 discoveries are on provide. These exploratory fields are unfold over 9 sedimentary basins protecting an acreage of about 13,685 sq. kilometres and have a possible of roughly 232 million tonnes. These oil and gasoline discoveries had been as soon as made by public sector endeavor oil corporations, Oil and Pure Fuel Company (ONGC) and Oil India (OIL). However they had been ultimately relinquished citing unviability. This was both on account of their small measurement or due to the restrictive fiscal regimes below which they had been awarded to those firm. There are 19 onshore, 54 shallow water and a couple of Deepwater discoveries on provide on this third spherical. That is the biggest variety of discoveries on provide in any of the DSF rounds until now. Within the first DSF spherical, the Centre had provided 46 contract areas unfold throughout 67 fields. There have been 25 contract areas protecting 59 fields within the second spherical.
After the primary spherical, 30 contract areas had been awarded whereas 24 had