Vedanta, ONGC, Oil India submit bids for discovered small field auctions

26 companies submit 106 bids in DSF - III for which the last date of submission was May 31

As many as 26 companies have submitted 106 bids in the third round of discovered small field (DSF) auctions for which the last date of submission of bids was May 31. The list of companies includes Oil and Natural Gas Corporation (ONGC), Oil India (OIL) and Anil Agarwal-led Vedanta Ltd, among others.  

The current round of DSF was launched for 32 contract areas, spread across nine sedimentary basins, covering an area of more than 13,000 square kilometres. Out of the 32 contract areas, 11 are onland, 18 are in shallow water and one is in deep-water. Vedanta has submitted 31