Lok Sabha Question No. 1110 (UNSTARRED), answered on 2018-12-17
Subject: Discovered Small Oil Fields
Ministry: PETROLEUM AND NATURAL GAS
Asked by: K. MARAGATHAM, RAM KUMAR SHARMA KUSHWAHA, ELUMALAI VELLAIGOUNDER, M. UDHAYAKUMAR, K. ASHOK KUMAR, CHANDRAKANT BHAURAO KHAIRE

## LOK SABHA

## UNSTARRED QUESTION NO. 1110 TO BE ANSWERED ON 17 th  December, 2018

## Discovered Small Oil Fields

1110. SHRIMATI K. MARAGATHAM: SHRI RAM KUMAR SHARMA: SHRI V. ELUMALAI: ADV. M. UDHAYAKUMAR: SHRI K. ASHOK KUMAR: SHRI CHANDRAKANT KHAIRE:

## पेट्रोल ियम एवं प्राक ृ तिक गैस मंत्री

## Will the Minister of PETROLEUM AND NATURAL GAS be pleased to state:

- (a)  whether  the  Government  has  offered/allocated  149  discovered  small  and  marginal idle/unexplored oil fields  of  ONGC and Oil  India  Limited (OIL)  for  auction/  stake  sale to private/foreign companies in the first/second round of DSF policy;
- (b)  if  so,  the  details  thereof  along  with  the  number  of  companies  participated  in  the  said auction in the first and second round and the quantum of oil and gas reserve identified by the Directorate General of Hydrocarbons (DGH), company-wise;
- (c) the total amount spent on discovery of the said oil fields by ONGC and OIL along with any proposal with the Government to allow said firms to seek revenue sharing partnership for its fields;
- (d) whether DGH had identified 44 fields of ONGC which would help for bidders to increase the output over the baselines production for an initial period of 10 years and fixed parameters in this regard and if so, the details thereof;
- (e) whether it is a fact that Government is reasoning that the areas where the fields discovered by  ONGC  were  given  to  the  state-owned  firm  on  nomination  basis  and  if  so,  the  details thereof; and
- (f)  Whether  the  Government  has  announced  new  Hydrocarbon  Exploration  and  Licensing Policy (HELP) and changed the revenue sharing model and marketing freedom for oil and gas produced from these fields with the private/foreign players and if so, the details thereof along with salient features of the new policy announced by the Government?

## Answer

पेट्रोल ियम एवं प्राक ृ तिक गैस मंत्रािय में मंत्री

## ( श्री धमेंद्र प्रधान )

## MINISTER IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI DHARMENDRA PRADHAN)

- (a): With a view to increase domestic production of oil and gas, Government in May 2016 launched Discovered Small Field Bid Round I under which 67 discoveries of ONGC and

OIL which had not been put into production were offered for auction through International Competitive Bidding. The policy has now been extended to its second round to include 48 un-monetized discoveries of ONGC and OIL under DSF Bid Round II.

(b): Under  DSF  Bid  Round-I,  47  companies  participated  in  bidding  process.  The  67 discoveries  under  DSF  Bid  Round  I  are  estimated  to  have  in  place  reserves  of  86  Million Metric Tonnes of oil and gas equivalent (MMToe). In DSF Bid Round-II, 48 discoveries of ONGC/OIL offered for bid are estimated to have in place reserves of 163.08 MMToe.  The bid closing date under DSF Bid Round II is 18.12.2018.

(c): As informed by ONGC, an amount of Rs. 12,826 crore has been spent by ONGC on the  discoveries/fields  identified  in  the  first  and  second  round  of  Discovered  Small  Field Policy. An amount of Rs. 224.27 crore has been spent by OIL in this regard.

(d) and (e): No such fields have been identified by Government or DGH.

(f): The  Government  of  India  has  notified  the  Hydrocarbon  Exploration  and  Licensing Policy  (HELP)  on  30 th March,  2016  which  is  based  on  Revenue  Sharing  Model  and  a paradigm shift from Production Sharing Regime. The salient features of new Hydrocarbon Exploration & Licensing Policy (HELP) are:-

-  Single License for conventional and unconventional Hydrocarbons.
-  An Open Acreage Licensing Policy wherein investors can carve out the area of their interest and submit Expression of Interest throughout the year.
-  Easy to administer Revenue Sharing Model.
-  Marketing & pricing freedom for the crude oil & Natural gas.
-  Zero  royalty  rates  for  deepwater  and  ultra  deepwater  blocks  for  first  seven years.

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