Road shows to be held in the USA and Canada to promote Discovered Small Fields Bid Round 2016

Posted on 12 Jul, 2016 3:25 pm

Road shows in Houston, United States of America and Calgary, Canada will be held as part of process of promoting the Discovered Small Fields Bid Round 2016. Houston road show is scheduled on 14th and 15th July, 2016 while the Calgary road show will be held on 18th and 19th July, 2016. 

Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan will visit Houston and Washington D.C, during 13 – 18 July, 2016. During this official visit, he will launch the International Road-Show for the 67 Discovered Small Fields (DSF) in Houston. He will also visit Washington during which he will meet his counterpart Dr. Ernest Jeffrey Moniz - Secretary of Energy, USA on 18th July. 

Discovered Small Fields bidding was launched in New Delhi on 25th May, 2016. Subsequently, Road-Shows for this round were held in Mumbai and Guwahati. Under this round, 67 DSF of ONGC and Oil India Ltd, which could not be monetized during previous years, are being offered for international bidding. Progressive administrative and fiscal procedures have been introduced in this bidding process in sync with best international practices. 

During the Road-show a data room will also be opened in office premises of ONGC Videsh Ltd in Houston. During Shri Pradhan’s meeting with his US counterpart in Washington D.C., issues of bilateral hydrocarbon cooperation will be reviewed. Shri Pradhan will also hold interactions with various think-tanks working in hydrocarbon sector in Houston and Washington D.C. He will also visit technology centres working in oil and gas spheres. 

During the visit, Shri Pradhan will be accompanied by Secretary, MoP&NG, Senior officers and CMDs of ONGC, IOCL, GAIL, HPCL and MD-BPRL. 

Roadshows are being organized in India and abroad to attract investors for the bidding round. 

Courtesy – Press Information Bureau, Government of India