Shiva mahesh
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BENGALURU: Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan said India aims to reduce dependence on energy resources like oil and gas by 10 per cent by year 2022
He was speaking at a programme, ‘Discovered Small Field (DSF) Bid Round 2016’, held in the city on Friday
Pradhan said the Union government has initiated reforms in the oil and gas sector with the aim of increasing domestic production of oil and gas and reducing energy import dependence by 10 per cent by 2022
He briefed about initiatives such as the New Domestic Gas Pricing Guidelines, and the liberalized Hydrocarbon Exploration and Licensing Policy (HELP)
The Discovered Small Fields Bid Round 2016 was introduced under the broad policy of HELP which offers 46 contract areas consisting of 67 fields across nine sedimentary for extraction and exploration of oil and gas reserves, a press release said.
The Directorate General of Hydrocarbons (DGH), the technical arm of the Ministry, is inviting bids to develop and monetize these contract areas which are estimated to hold reserves of 86 million metric tonnes with estimated recoverable reserves of roughly 30 million metric tonnes, based on revenue sharing contract model
The interactive meet was conducted in the southern parts of the country given its strong technological base (Bengaluru, Hyderabad) and refinery base (Vishakhapatnam, Chennai)
It was highlighted that out of 67 fields on offer, a total of 17 fields (under 14 contract areas) lie in this part of the country with eight fields in Andhra Pradesh, two in Tamil Nadu and seven in KG
Offshore Basins,” the release said
http://tz.ucweb.com/10_7Y8y
He was speaking at a programme, ‘Discovered Small Field (DSF) Bid Round 2016’, held in the city on Friday
Pradhan said the Union government has initiated reforms in the oil and gas sector with the aim of increasing domestic production of oil and gas and reducing energy import dependence by 10 per cent by 2022
He briefed about initiatives such as the New Domestic Gas Pricing Guidelines, and the liberalized Hydrocarbon Exploration and Licensing Policy (HELP)
The Discovered Small Fields Bid Round 2016 was introduced under the broad policy of HELP which offers 46 contract areas consisting of 67 fields across nine sedimentary for extraction and exploration of oil and gas reserves, a press release said.
The Directorate General of Hydrocarbons (DGH), the technical arm of the Ministry, is inviting bids to develop and monetize these contract areas which are estimated to hold reserves of 86 million metric tonnes with estimated recoverable reserves of roughly 30 million metric tonnes, based on revenue sharing contract model
The interactive meet was conducted in the southern parts of the country given its strong technological base (Bengaluru, Hyderabad) and refinery base (Vishakhapatnam, Chennai)
It was highlighted that out of 67 fields on offer, a total of 17 fields (under 14 contract areas) lie in this part of the country with eight fields in Andhra Pradesh, two in Tamil Nadu and seven in KG
Offshore Basins,” the release said
http://tz.ucweb.com/10_7Y8y
