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Oil ministry keeps ball rolling for upcoming exploration rounds

consultant's role will include maintaining communication channels between DGH and investors

Minister of State for Petroleum and Natural Gas Dharmendra Pradhan
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Minister of State for Petroleum and Natural Gas Dharmendra Pradhan

Shine Jacob New Delhi
The ministry of petroleum and natural gas has started the process for an Open Acreage Licensing (OAL) round, Discovered Small Fields Bid Round–II (DSF) and Production Enhancement Contract (PEC).
 
As a first step, it is set to tie up with a knowledge partner to assist the directorate general of hydrocarbons (DGH) for the coming oil and gas bidding rounds. This includes scouting for bidders - investors, exploration and production players, service companies, start-up firms, private equity and funding institutions.
 
The DGH has asked eight consultancy entities to apply in the selection for a knowledge partner. These are KPMG,