E-Bidding Process for Sale of Gas

from AA/ONDSF/Duarmara/2016
Contract Area

© 2017 CRISIL Ltd. All rights reserved.

Pre Bid Meeting Presentation

September 2021
Contents

Sr. No. Details

1 Introduction
2 Bid Schedule
3 Eligibility Criteria
4 Information Technology Requirement
5 General Guidelines
6 Document Submission
7 Bid Parameters
8 Bid Evaluation
9 Process during live e-Bidding
10 Ranking of bidders and ties in bids
11 Illustration: e-Bidding
12 Support Contact
13 Clarifications/Amendments on RFP & GSPA

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Introduction
• The consortium consisting of Antelopus Energy Private Limited (“AEPL”) and Oilmax Energy Private Limited (“OEPL”) (“Sellers” or “Consortium”) are parties to
the Revenue Sharing Contract for the AA/ONDSF/Duarmara/2016 Contract Area (“Contract Area”). The Contract Area was offered to Oilmax Energy by the
Government of India as a part of the Discovered Small Fields Bid Round I, in 2016 and subsequently in 2021, Antelopus Energy Private Limited farmed into
the Contract Area. The Contract Area is an onshore contract area, located in the state of Assam in the proven Assam shelf basin. The Contract Area is
surrounded by many producing Oil and Gas fields

• The Consortium has launched an e–auction for the sale of ~0.20 mmscmd of gas volumes from the Contract Area. AEPL on behalf of the consortium has
issued a Notice Inviting Offers dated 24th August 2021 and invited bids from interested entities to offtake all or a portion of the gas volumes available for sale
and in accordance with this Request For Proposal (“RFP”) document and the Gas Sales and Purchase Agreement (“GSPA”)

• At the end of the bidding process the buyers will have to execute GSPA with the consortium and also make transportation arrangements by entering into Gas
Transmission/Transportation Agreement (“GTA”) with respective natural gas transmission/transportation pipeline companies in order to offtake gas from the
Delivery Point

• Consortium has appointed CRISIL Risk and Infrastructure Solutions Limited (“CRIS”), as an independent agency empanelled by Directorate General of
Hydrocarbons (“DGH”), to conduct bidding process for sale of gas through an online web based electronic bidding platform which is available at
https://gasbid.auctiontiger.net (the “e-Bidding Platform”). This link for e-Bidding Portal has also been webhosted on the websites of DGH, AEPL and OEPL.

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Basic Details

Particulars Details
Name of the gas field AA/ONDSF/Duarmara/2016
Sales Gas Quantity offered 0.20 mmscmd
The point at which the Title and Risk Transfer of the Gas from the Seller to the
Buyer takes place.
Delivery Point
Such delivery point would be the outlet flange of the sellers facilities as
defined in the GSPA
Gross Calorific Value*: 10750 KCal/SCM
Typical Calorific Value (KCal/SCM)
Net Calorific Value*: 9740 KCal/SCM

Gas supply tenure 2 years

URL of the Bidding Portal https://gasbid.auctiontiger.net

General Queries: query.gasbidding@crisil.com

Email ID for Queries
Technical Query and Support: support.ebidding@eptl.in

*Please note, these are calculated values from available natural gas composition based on well data. Lab measurement data for calorific value would be available post
commencement of first gas

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Project Details
Tentative Dates
Production Profiles
Tentative Dates
45

40
Engineering Works Ongoing
35

30 Civil Works Q4 CY 2021 – Q1 CY 2022

mmscfd

25
Facility Development Q1 CY 2022 – Q2 CY 2022
20

15
Well Drilling Q2 CY 2022
10

5 First Gas Q3 CY 2022

0

Gas Composition
Gas Rate (Ph 1) Gas Rate (Ph 2)
Duarmara 3 Duarmara 1
Gas Composition
(Discovery Well) (Discovery Well)
Methane 83.90% 83.00%
 Phase wise development of the Contract Area (Gas and Condensate) Ethane 8.40% 8.00%
Propane 4.60% 4.20%
 Phase 1 gas of 0.2 mmscmd currently on offer
I - Butane 0.90% 1.10%
 All Statutory clearances by Q4 CY 2022 N - Butane 1.20% 1.60%
Pentanes 0.60% 2.10%
 First Gas readiness by Q3 CY 2022
Hexanes + 0.10%
 High Quality gas, Negligible sulphur and CO2 Nitrogen 0.30% Nil
CO2 Traces Nil

Gas Gravity 0.69 5 0.71

Bid Schedule
Event Timeline

Publishing NIO, RFP and GSPA 24 August 2021

Last date for submission of queries for the Pre – bid meeting 10 September 2021

Pre-bid meeting 13 September 2021

Bidder training 13 September 2021

Start of Bidder registration on the portal 14 September 2021

Last date for submission of documents under pre-qualification process 20 September 2021

Last date for submission of physical copy of Security Deposit 27 September 2021

Notification to technically qualified Bidders 28 September 2021

Mock run / auction training session(s) 30 September 2021

01 October 2021
Competitive e-auction date
(IST 11:30 hours)

Allocation results – intimation to successful bidders In two working days from auction end date

Within 7 working days from auction end

Signing of Gas Sales Agreement
date

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Eligibility Criteria
Each bidder shall be required to meet the following criteria in order to participate in the gas auction process:
i. be an entity registered under the Companies Act 1956 / Companies Act 2013 / Multi State Cooperative Societies Act, 2002;
ii. be ready to consume or offtake natural gas on or before the Start Date, as defined in the GSPA, from the Delivery Point:
For avoidance of doubt, ‘be ready to consume or offtake on or before the Start Date’, means the demonstrability of the entity offtaking the
Gas pursuant to the RFP and the GSPA by submitting to the sellers the detailed plan consisting of
a. Proposed natural gas offtake method – i.e., either through laying a natural gas pipeline or any gas transportation arrangement
with a transporter from the Delivery Point
b. Plan on obtaining the requisite statutory clearances (Environment and Forest Clearances), wherever required, to offtake such
gas from the Delivery Point
The entity, if successful in the e-bidding process shall, within 3 months from the Effective Date as defined in the GSPA, submit such plan
as defined in Clause 2 (ii) of the RFP
iii. be engaged in the business that involves either the consumption or the sale and purchase of natural gas
iv. The entity shall have a minimum networth of USD 5 million. The networth so computed shall be basis the latest completed financial year’s audited
accounts; and
v. be required to upload the self-attested scanned copies of the documents at the Bidding Portal (attested by the Bidder’s Authorized
Representative), for verification and validation by CRIS for participation and assessment of eligibility of the Bidders in the e-bidding process as
provided in Section 6.2.2 of the RFP

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Information Technology Requirement
The minimum information technology requirement for participating in the e-Bidding Process shall include:

• Computer systems with Internet Connection of minimum 1MBPS and higher speed;

• Operating System should be Windows 7 and above;

• Supported Web Browsers: Internet Explorer 11 (Microsoft); and Google Chrome (version 87 / 88 / 89) (other web browsers like
Mozilla, Firefox, Safari, etc. are not supported).

• Active Content: JavaScript, cookies, ActiveX controls, pop-ups must be enabled on Internet Explorer (Microsoft) browser;

• Recommended Screen Resolution: 1366 X 768 pixels;

• System Access with Administrator Rights.

• Bidders are required to ensure that the DSC is in the name of Authorized Representative of the Company for whom the Power of Attorney
has been submitted as per Section 6.2.2 of RFP. Registration of the Bidder in e-Bidding Portal must be done with the same Email ID for
which the DSC has been issued.

• Authorized Representative is required to use legally valid Class III DSC to register and/ or access the e-Bidding Platform.

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Some General Guidelines… (1/2)
Sr. No Description

Bidders are expected to thoroughly understand, evaluate and examine all instructions, forms, requirements, and terms and
1 conditions of the GSPA and the RFP. Each Bidder is required to submit its bid based on the terms and conditions of this RFP and
the GSPA, without any deviations or conditionality.

Each Bidder shall be required to upload the scanned documents that are specified in Section 6.2.2 at Bidding Portal and also
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submit the physical copy, if any as required by Section 6.2.2 of the RFP as per the date specified in Section 5 of the RFP.
A bid, once submitted, shall be binding on the Bidder who has submitted such bid. Each Bidder undertakes to offtake the Gas
3 volume allocated (as per Section 7.3 of the RFP) at the end of the e-bidding process, at the Gas Price computed based on the bid
submission as per Section 7.1.1 of the RFP.

Each Bidder is required to register on the Bidding Portal in accordance with the instructions provided in Section 6.2.1 of the
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RFP.

A company which owns multiple gas consuming facilities (except aggregators or marketers or CGD companies) can participate
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in the e-bidding process by a single registration for all facilities per Section 6.2.1 of the RFP.

6 Any erroneous or incomplete bids entered by any Bidder during the e-bidding shall be rejected by the Bidding Portal.

Any attempt by a Bidder to influence the bidding process or the evaluation and determination of bids shall immediately result
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in a disqualification of its bid.

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Some General Guidelines… (2/2)
Sr. No Description

The outcome of the bidding process and the results determined pursuant to the e-bidding process shall be final and binding on
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all Bidders and shall not be a subject of dispute under any circumstances.

All the notices, future amendments, if any, to the RFP and the GSPA during the e-bidding process shall be published on the Bidding
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Portal, https://gasbid.auctiontiger.net

Bidders are advised to ensure that the computer system (configured with minimum information technology requirements as per
Section 3 of the RFP), internet availability and connectivity, power source, DSC, internal support personnel, etc. are
10 available at their end along with necessary back-up options to deal with any contingencies which may arise during the e-bidding
process. Any disruptions at Bidder’s end shall be the sole responsibility of the Bidder. Sellers or CRIS shall not be responsible, in
any manner whatsoever, for the same.

11 In case of any conflict between the provisions of the RFP and the GSPA, the provisions of the GSPA shall prevail.

All the documents to be submitted online or in hard copy through the course of Auction Process shall be duly signed by its
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Authorized Representative.

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Documents submission…(1/2)
Each Bidder shall be required to upload duly signed/attested scanned copies of the following documents on the Bidding
Portal:
i. Registration / incorporation certificate for companies, LLPs and Co-operative societies or Partnership Deed in case of partnership
firms
ii. Register of directors and shareholders of the company
iii. PAN and VAT/CST/GST (as applicable) certificate
iv. Initial Bank guarantee (In the format, as per Annexure III: Declarations, 10(d))
v. Notarized Power of Attorney in the name of authorized representative of the bidder submitting the bid / Board Resolution delegating
the authority to the authorized representative certifying its validity till the execution of the GSPA
vi. Duly Signed GSPA & RFP (Annexure I: Confirmation to be given by the bidder) and addendums (if any)
vii. Documents supporting Bidders appointment as aggregators/ CGD
viii. Signed declarations (In the format, as per Annexure III: Declarations, 10(a) to 10(c))
ix. Financial statements of past 3 years. (In case the bidding entity is a newly formed company, then it can submit the financial
statements of its parent company.)
x. Certificate of networth as issued by the statutory auditor, basis the latest completed Financial Years audited accounts (In the format,
as per Annexure III: Declarations, 10(e))
• Bidders can upload multiple documents on the e-Bidding Platform with individual file size limit of 10 MB.
• The acceptable file formats are txt, zip, pdf, jpeg, jpg, gif, bmp, png, tif, tiff, doc, xls, ppt, pps, txf, docx, xlsx, eml, and rar.
• Each of the GSPA, RFP and the undertakings must be duly signed by the Bidder’s Authorized Representative.
• Bidders are required to sign Annex I of RFP & GSPA towards acceptance of the terms and conditions of RFP & GSPA.

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Documents submission…(2/2)
• Each Bidder who is interested in participating in the e-bidding process is required to provide a security deposit in the
form of a Bank Guarantee (“BG”) as specified in Annexure III 10(d) to the RFP. The BG provided prior to the bidding
(the “Security Deposit”) shall be valid up to 30th November 2021 (plus a claim period of 30 days).

• The Security Deposit shall be for an amount equivalent to INR twenty-five (25) Lakhs

• The original copy of Security Deposit should be submitted to the below mentioned address before the last date as
indicated in Section 5, under ‘Last date for submission of physical copy of Security Deposit’:

To

Antelopus Energy Private Limited,

302, 3rd Floor, Global Foyer Mall,

Golf Course Road, Sector – 43,

Gurgaon - 122002

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Bid Parameters
Price Bid- “P” (in USD/MMBtu)

• Denoted as a variable ‘P’, that a Bidder would be required to quote pursuant to the Gas Price formula specified below:
Gas Price (in USD/MMBtu (GCV)) shall be = PPAC Gas Price + 0.60 + P (refer clause 7 of RFP)
Where, (i) Gas Price would be computed up to two decimal places.
Where “PPAC Gas Price” shall mean the price of domestic natural gas as notified by Petroleum Planning and Analysis Cell (PPAC) in USD /
MMBtu, from time to time in accordance with Para 8 of the “New Domestic Natural Gas Pricing Guidelines, 2014”
PPAC Gas Price is the PPAC Gas Price applicable for the Month.
(ii) P in (USD/MMBtu) shall be quoted by a Bidder which should be a zero or positive number and up to two decimal places
(iii) 0.60 in the Gas Price, is in USD/ MMBtu
• The starting Price Bid for the e-Bidding Process is P = 0 USD/MMBtu.
• Ticker size shall be 0.01 USD/MMBtu and only upward increments shall be allowed in multiples of Ticker size
• Unreasonably high Price bid (i.e. P higher than 10 USD/MMBtu) shall not be accepted by bidding portal

Volume (MMSCMD)

• Total available Volume of 0.2 MMSCMD would be
available for bidding
• Minimum Volume bid shall be 0.01 MMSCMD
• Maximum Volume bid –Total available Volume
• Ticker size for increment / decrement of volume shall be
0.01 MMSCMD and it can be changed provided Price Bid is
increased
• Volume bid cannot be less than Provisional GSPA Quantity
determined by E-Bidding Platform

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Bid Evaluation Process

1. Evaluation of documents submitted by bidder

during Pre-Qualification

Pre-Qualification /
Technical Evaluation
Bid Evaluation

2. Technically qualified bidders to be mapped for

E-Bidding

1. E-Bidding Platform to assess the valid bids

submitted for the parameters against the
rules specified in Section 7 of RFP

E-Bid evaluation

2. Upon closure of E-bidding Process, last valid

bid submitted by each Bidder would be used
to determine GSPA quantity for each bidder

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Process during live e-Bidding

Bidding Duration: e-Bidding Process shall run for a period of 60 minutes on e-Bidding Date

First Bid Period: Each bidder is required to submit valid bids in pre-defined period of first 60 minutes i.e. ‘First Bid Period’.

Provisional GSPA Quantity: Based on bids entered, each bidder will get an instantaneous update on its screen of its Provisional GSPA
Quantity.

Extension of bid duration: timeline will be automatically extended by 15 minutes if a bidder submits a valid bid in last 5 minutes that
alters Provisional GSPA quantity

Bidding Closure: e-Bidding process ends if no valid bids are received within First Bid Period or, no valid bid is received in last 5
minutes that alters Provisional GSPA quantity

GSPA Quantity: Upon completion of e-Bidding Process, the Provisional GSPA Quantity determined based on last bids received shall be
the GSPA Quantity for each Bidder.

Working Days means working hours (11:00 Hrs IST to 19:30 Hrs IST) from Monday to Friday (of any given week) excluding all public
holidays

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Ranking of bidders and ties in bids

Ranking of bidders

• Allocation of (provisional) GSPA quantity in descending order of Price Bid quoted

Tie in Price Bid

• Bidders to get volume quoted if the combined volume is lower than the remaining volume of gas
• Remaining volume of gas to be pro-rated as per volume quotes of bidders’ with ties if the combined volume is higher than the
remaining volume

Upon the closing of the E-Bidding Process, the Provisional GSPA Quantity determined based on the last bids received shall be
considered as the GSPA Quantity for each Bidder.

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Illustration: E-Bidding…(1/2)

Total available gas volume (on offer ) : 10 MMSCMD

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Support Contact

Query Type Contact Details

query.gasbidding@crisil.com
[+91 701690 7627]
General clarification regarding bidding [+91 700799 6430]
process

Cell Numbers: +91- 9974077407 / 9510813489 / 9374519754

Technical Support User can contact to above numbers or send mail to support.ebidding@eptl.in

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Key Clarifications to Bidders’ Queries on RFP
Particular Query Clarification

To remove the term Wet Gas and

Natural Gas is the gas produced from the reservoir
Helium from the definition
Definitions:
However, for the buyer the relevant definition is the Sales Gas, and
Also add, Natural Gas shall meet
‘Natural Gas’ Definition such Sales Gas so delivered shall be as per the PNGRB
the PNGRB access code
specifications as per Article 8 (Quality) and Annexure 4 of the GSPA
specifications
Definition: To increase the End Date from 2
Currently Under Review
End Date Definition Years to 10 Years

Article 3.3:

Effective Date and Start Date Request to go upto 730 Days The plan for Duarmara Contract Area First Gas is by Q3 CY 2022
Definition
Kindly clarify the situation when Any quantity outside the DCQ range shall be discussed between the
Buyer is not able to offtake or seller Buyer and the Seller.
Article 4:
is not able to deliver DCQ or when
DCQ However, the current GSPA does not provided for any penalty
quantity dips below 80% or exceeds
120% provision

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Key Clarifications to Bidders’ Queries on RFP & GSPA
Particular Query Clarification

Article 8: To agree on a fixed delivery

Noted. Under review. Will be updated in the GSPA shortly
Pressure pressure

In case of Buyer notifying the Seller on the delivery of non-

specification gas, the effective Start time of such notice cannot be
Article 8.5 and 8.6
more than 6 hours prior to the receipt of actual notice
Quality Clarification of Applicable Period
Applicable Period shall be the duration between notice of delivery of
non specification gas and the remedy thereof

Note: The detailed clarifications and any relevant addendums to RFP, in response to Bidder’s queries shall be uploaded on the e-Bidding Platform

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Thank you