Page 117 - DGH_Annual_Report

New Investment Opportunities in E&P Sector 117

To enhance the Bidding in Category- II & III Basins, also encourages Round the year submission of
Some Special incentives are also introduced Expression of Interest (EOI) in 3 windows (April 1 to
apart from the above: - July 31, August 1 to November 30 and December
1 to March 31) by the interested bidders. The
To reduce the risk of exploration, Only Seismic govt. also launched state-of-art National Data
Survey is biddable under work programme Repository, a database comprising all the geo-
commitment in Cat-II and III. scientific data of hydrocarbon resources in the

Extended Exploration Period for Category-II country, in 2017 in a bid to enable potential
& III Basins. investors to take informed decisions.

Swapping of CWP with other surveys and Investor are given freedom to carve out the EoIs
Exploration Wells allowed as per Modalities. The submitted EoIs will be
scrutinized in accordance with the provisions
6.8.1 Bidding Process under OALP Regimes: of Modalities. Finalized EoIs will be considered
as Blocks and put-up for bidding. Contractor
OALP mechanism allow the investor to carve out is required to submit the bid as per publish
the blocks of their choice by assessing E&P data NIO and modalities. EoI originator is eligible for
available at National Data Repository (NDR) & by originator incentive.
submitting an Expression of Interest (EoI). OALP

Investor studies G&G
OALP Process
data available on NDR

Carves out blocks for
interested area

Submission of EoI

Finalization of Block Bid Submission Award of

and Invitation to Bid and Evaluation Contract

EoI Submission is a continuous process. A total of 15 EoIs with an area of 59,382 sq.km have received
in EoI Window – XIX, XX & XXI during the FY 2024-25. The details are given below: -

S.No. EoI Window Period No. of EoI Area, Sq. Km
1 EoI Window – XIX 01.04.2024-31.07.2024 8 23171.64
2 EoI Window – XX 01.08.2024-30.11.2024 2 5252.61
3 EoI Window – XXI 01.12.2024-31.03.2025 5 30957.75 (Under examination)