Centre amends model revenue sharing contract for DSF Round II

The central government has amended the model revenue sharing contract for the second round of bidding under the Discovered Small Fields [DSF] Policy. The amendments include termination of contract in case a contractor fails to notify the Directorate General of Hydrocarbons about any extension in the reservoir of the discovery area outside its contract area, seeking prior explicit written permission of the government for carrying out petroleum operations with respect to a reservoir extending outside the contract area, etc.