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OIL wins two blocks under DSF round-II auction

Gasoil News - Published on Mon, 18 Mar 2019

Image Source: jobreturns.com
ETEnergyWorld quoted Oil India Ltd, state-owned oil and gas explorer, as saying that it has been awarded two oil and gas blocks under the second round of Discovered Small Field (DSG) auctions. OIL said that “As part of the DSF Bid Round-II, it has been awarded two blocks, (i) onshore contract area AA/ONDSF/Tulamura/2018 covering an area of 47.23 sq km in the state of Tripura and offshore contract area KG/OSDSF/GSKW/2018 covering an area of 93.902 sq km in the Krishna-Godavari (KG) basin.”

According to the company, this would be OIL’s first ever foray into the northeastern state of Tripura and also into the KG basin. Bidding under DSF Round-II started on 9 August 2018, with 25 contract areas on offer covering 59 discovered oil and gas fields. The fields are spread over 3,000 sq km with prospective resource base of over 190 million tonne.

Source :

Posted By : Rabi Wangkhem on Mon, 18 Mar 2019
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