Round 3 bidding of Discovered Small Fields set for April 1 start

The directorate General of Hydrocarbons (DGH) said that bidding for 75 small and marginal oil and gas discoveries, mostly ONGC owned, that are being offered in the DSF-III bid round will start April 1 and close on May 16.

The third bidding round under the Discovered Small Fields policy (DSF-III) was launched on June 10 last year. The original deadline for submission of bids was August 31, 2021. However, it was postponed to October 29, 2021. The start of bidding was again put off this year to February 1 and closing slated for March 15. As the bid deadline approached, it was again postponed without any reasons being given.