Pre Bid Presentation for sourcing of matural gas

Presentation for natural gas sourcing

1. © 2017 CRISIL Ltd. All rights reserved.
E-Bidding Process for Sale of Gas
from AA/ONDSF/Duarmara/2016
Contract Area
Pre Bid Meeting Presentation
September 2021

2. Contents
2
Sr. No. Details
1 Introduction
2 Bid Schedule
3 Eligibility Criteria
4 Information Technology Requirement
5 General Guidelines
6 DocumentSubmission
7 Bid Parameters
8 Bid Evaluation
9 Process duringlivee-Bidding
10 Ranking of bidders and ties in bids
11 Illustration:e-Bidding
12 Support Contact
13 Clarifications/Amendments on RFP & GSPA

3. Introduction
3
•TheconsortiumconsistingofAntelopusEnergyPrivateLimited(“AEPL”)andOilmaxEnergyPrivateLimited(“OEPL”)(“Sellers”or“Consortium”)arepartiesto
theRevenueSharingContractfortheAA/ONDSF/Duarmara/2016ContractArea(“ContractArea”).TheContractAreawasofferedtoOilmaxEnergybythe
GovernmentofIndiaasapartoftheDiscoveredSmallFieldsBidRoundI,in2016andsubsequentlyin2021,AntelopusEnergyPrivateLimitedfarmedinto
theContractArea.TheContractAreaisanonshorecontractarea,locatedinthestateofAssamintheprovenAssamshelfbasin.TheContractAreais
surroundedbymanyproducingOilandGasfields
•TheConsortiumhaslaunchedane–auctionforthesaleof~0.20mmscmdofgasvolumesfromtheContractArea.AEPLonbehalfoftheconsortiumhas
issuedaNoticeInvitingOffersdated24thAugust2021andinvitedbidsfrominterestedentitiestoofftakealloraportionofthegasvolumesavailableforsale
andinaccordancewiththisRequestForProposal(“RFP”)documentandtheGasSalesandPurchaseAgreement(“GSPA”)
•AttheendofthebiddingprocessthebuyerswillhavetoexecuteGSPAwiththeconsortiumandalsomaketransportationarrangementsbyenteringintoGas
Transmission/TransportationAgreement(“GTA”)withrespectivenaturalgastransmission/transportationpipelinecompaniesinordertoofftakegasfromthe
DeliveryPoint
•ConsortiumhasappointedCRISILRiskandInfrastructureSolutionsLimited(“CRIS”),asanindependentagencyempanelledbyDirectorateGeneralof
Hydrocarbons(“DGH”),toconductbiddingprocessforsaleofgasthroughanonlinewebbasedelectronicbiddingplatformwhichisavailableat
https://gasbid.auctiontiger.net(the“e-BiddingPlatform”).Thislinkfore-BiddingPortalhasalsobeenwebhostedonthewebsitesofDGH,AEPLandOEPL.

4. Basic Details
4
Particulars Details
Name of the gas field AA/ONDSF/Duarmara/2016
Sales Gas Quantity offered 0.20 mmscmd
Delivery Point
The point at which the Title and Risk Transfer of the Gas from the Seller to the
Buyer takes place.
Such delivery point would be the outlet flange of the sellers facilities as
defined in the GSPA
Typical Calorific Value (KCal/SCM)
Gross Calorific Value*: 10750 KCal/SCM
Net Calorific Value*: 9740 KCal/SCM
Gas supply tenure 2 years
URL of the Bidding Portal https://gasbid.auctiontiger.net
Email ID for Queries
General Queries: [email protected]
Technical Query and Support: [email protected]
*Please note, these are calculated values from available natural gas composition based on well data. Lab measurement data forcalorific value would be available post
commencement of first gas

5. Project Details
5
0
5
10
15
20
25
30
35
40
45
mmscfd
Gas Rate (Ph 1)Gas Rate (Ph 2)
Production Profiles
Tentative Dates
Engineering Works Ongoing
Civil Works Q4 CY 2021 –Q1 CY 2022
Facility Development Q1 CY 2022 –Q2 CY 2022
Well Drilling Q2 CY 2022
First Gas Q3 CY 2022
Gas Composition
Duarmara 3
(Discovery Well)
Duarmara 1
(Discovery Well)
Methane 83.90% 83.00%
Ethane 8.40% 8.00%
Propane 4.60% 4.20%
I -Butane 0.90% 1.10%
N -Butane 1.20% 1.60%
Pentanes 0.60% 2.10%
Hexanes + 0.10%
Nitrogen 0.30% Nil
CO2 Traces Nil
Gas Gravity 0.69 0.71
Gas Composition
Tentative Dates
Phase wise development of the Contract Area (Gas and Condensate)
Phase 1 gas of 0.2 mmscmdcurrently on offer
All Statutory clearances by Q4 CY 2022
First Gas readiness by Q3 CY 2022
High Quality gas, Negligible sulphur and CO2

6. Bid Schedule
6
Event Timeline
Publishing NIO, RFP and GSPA 24 August 2021
Last date for submission of queries for the Pre –bid meeting 10September2021
Pre-bid meeting 13September2021
Bidder training 13September2021
Start of Bidder registration on the portal 14September2021
Last date for submission of documents under pre-qualification process 20September2021
Last date for submission of physical copy of Security Deposit 27September2021
Notification to technically qualified Bidders 28September2021
Mock run / auction training session(s) 30September2021
Competitive e-auction date
01 October2021
(IST 11:30 hours)
Allocation results –intimation to successful bidders In two working days from auction end date
Signing of Gas Sales Agreement
Within 7 working days from auction end
date

7. Eligibility Criteria
7
Eachbiddershallberequiredtomeetthefollowingcriteriainordertoparticipateinthegasauctionprocess:
i.beanentityregisteredundertheCompaniesAct1956/CompaniesAct2013/MultiStateCooperativeSocietiesAct,2002;
ii.bereadytoconsumeorofftakenaturalgasonorbeforetheStartDate,asdefinedintheGSPA,fromtheDeliveryPoint:
Foravoidanceofdoubt,‘bereadytoconsumeorofftakeonorbeforetheStartDate’,meansthedemonstrabilityoftheentityofftakingthe
GaspursuanttotheRFPandtheGSPAbysubmittingtothesellersthedetailedplanconsistingof
a.Proposednaturalgasofftakemethod–i.e.,eitherthroughlayinganaturalgaspipelineoranygastransportationarrangement
withatransporterfromtheDeliveryPoint
b.Planonobtainingtherequisitestatutoryclearances(EnvironmentandForestClearances),whereverrequired,toofftakesuch
gasfromtheDeliveryPoint
Theentity,ifsuccessfulinthee-biddingprocessshall,within3monthsfromtheEffectiveDateasdefinedintheGSPA,submitsuchplan
asdefinedinClause2(ii)oftheRFP
iii.beengagedinthebusinessthatinvolveseithertheconsumptionorthesaleandpurchaseofnaturalgas
iv.TheentityshallhaveaminimumnetworthofUSD5million.Thenetworthsocomputedshallbebasisthelatestcompletedfinancialyear’saudited
accounts;and
v.berequiredtouploadtheself-attestedscannedcopiesofthedocumentsattheBiddingPortal(attestedbytheBidder’sAuthorized
Representative),forverificationandvalidationbyCRISforparticipationandassessmentofeligibilityoftheBiddersinthee-biddingprocessas
providedinSection6.2.2oftheRFP

8. Information Technology Requirement
8
Theminimuminformationtechnologyrequirementforparticipatinginthee-BiddingProcessshallinclude:
•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.
•BiddersarerequiredtoensurethattheDSCisinthenameofAuthorizedRepresentativeoftheCompanyforwhomthePowerofAttorney
hasbeensubmittedasperSection6.2.2ofRFP.RegistrationoftheBidderine-BiddingPortalmustbedonewiththesameEmailIDfor
whichtheDSChasbeenissued.
•AuthorizedRepresentativeisrequiredtouselegallyvalidClassIIIDSCtoregisterand/oraccessthee-BiddingPlatform.

9. Some General Guidelines… (1/2)
9
Sr. NoDescription
1
Biddersareexpectedtothoroughlyunderstand,evaluateandexamineallinstructions,forms,requirements,andtermsand
conditionsoftheGSPAandtheRFP.EachBidderisrequiredtosubmititsbidbasedonthetermsandconditionsofthisRFPand
theGSPA,withoutanydeviationsorconditionality.
2
EachBiddershallberequiredtouploadthescanneddocumentsthatarespecifiedinSection6.2.2atBiddingPortalandalso
submitthephysicalcopy,ifanyasrequiredbySection6.2.2oftheRFPasperthedatespecifiedinSection5oftheRFP.
3
Abid,oncesubmitted,shallbebindingontheBidderwhohassubmittedsuchbid.EachBidderundertakestoofftaketheGas
volumeallocated(asperSection7.3oftheRFP)attheendofthee-biddingprocess,attheGasPricecomputedbasedonthebid
submissionasperSection7.1.1oftheRFP.
4
EachBidderisrequiredtoregisterontheBiddingPortalinaccordancewiththeinstructionsprovidedinSection6.2.1ofthe
RFP.
5
Acompanywhichownsmultiplegasconsumingfacilities(exceptaggregatorsormarketersorCGDcompanies)canparticipate
inthee-biddingprocessbyasingleregistrationforallfacilitiesperSection6.2.1oftheRFP.
6 AnyerroneousorincompletebidsenteredbyanyBidderduringthee-biddingshallberejectedbytheBiddingPortal.
7
AnyattemptbyaBiddertoinfluencethebiddingprocessortheevaluationanddeterminationofbidsshallimmediatelyresult
inadisqualificationofitsbid.

10. Some General Guidelines… (2/2)
10
Sr. NoDescription
8
Theoutcomeofthebiddingprocessandtheresultsdeterminedpursuanttothee-biddingprocessshallbefinalandbindingon
allBiddersandshallnotbeasubjectofdisputeunderanycircumstances.
9
Allthenotices,futureamendments,ifany,totheRFPandtheGSPAduringthee-biddingprocessshallbepublishedontheBidding
Portal,https://gasbid.auctiontiger.net
10
Biddersareadvisedtoensurethatthecomputersystem(configuredwithminimuminformationtechnologyrequirementsasper
Section3oftheRFP),internetavailabilityandconnectivity,powersource,DSC,internalsupportpersonnel,etc.are
availableattheirendalongwithnecessaryback-upoptionstodealwithanycontingencieswhichmayariseduringthee-bidding
process.AnydisruptionsatBidder’sendshallbethesoleresponsibilityoftheBidder.SellersorCRISshallnotberesponsible,in
anymannerwhatsoever,forthesame.
11 IncaseofanyconflictbetweentheprovisionsoftheRFPandtheGSPA,theprovisionsoftheGSPAshallprevail.
12
AllthedocumentstobesubmittedonlineorinhardcopythroughthecourseofAuctionProcessshallbedulysignedbyits
AuthorizedRepresentative.

11. Documents submission…(1/2)
11
EachBiddershallberequiredtouploaddulysigned/attestedscannedcopiesofthefollowingdocumentsontheBidding
Portal:
i.Registration/incorporationcertificateforcompanies,LLPsandCo-operativesocietiesorPartnershipDeedincaseofpartnership
firms
ii.Registerofdirectorsandshareholdersofthecompany
iii.PANandVAT/CST/GST(asapplicable)certificate
iv.InitialBankguarantee(Intheformat,asperAnnexureIII:Declarations,10(d))
v.NotarizedPowerofAttorneyinthenameofauthorizedrepresentativeofthebiddersubmittingthebid/BoardResolutiondelegating
theauthoritytotheauthorizedrepresentativecertifyingitsvaliditytilltheexecutionoftheGSPA
vi.DulySignedGSPA&RFP(AnnexureI:Confirmationtobegivenbythebidder)andaddendums(ifany)
vii.DocumentssupportingBiddersappointmentasaggregators/CGD
viii.Signeddeclarations(Intheformat,asperAnnexureIII:Declarations,10(a)to10(c))
ix.Financialstatementsofpast3years.(Incasethebiddingentityisanewlyformedcompany,thenitcansubmitthefinancial
statementsofitsparentcompany.)
x.Certificateofnetworthasissuedbythestatutoryauditor,basisthelatestcompletedFinancialYearsauditedaccounts(Intheformat,
asperAnnexureIII:Declarations,10(e))
•Bidderscanuploadmultipledocumentsonthee-BiddingPlatformwithindividualfilesizelimitof10MB.
•Theacceptablefileformatsaretxt,zip,pdf,jpeg,jpg,gif,bmp,png,tif,tiff,doc,xls,ppt,pps,txf,docx,xlsx,eml,andrar.
•EachoftheGSPA,RFPandtheundertakingsmustbedulysignedbytheBidder’sAuthorizedRepresentative.
•BiddersarerequiredtosignAnnexIofRFP&GSPAtowardsacceptanceofthetermsandconditionsofRFP&GSPA.

12. Documents submission…(2/2)
12
To
AntelopusEnergy Private Limited,
302, 3rd Floor, Global Foyer Mall,
Golf Course Road, Sector –43,
Gurgaon -122002
•
EachBidderwhoisinterestedinparticipatinginthee-biddingprocessisrequiredtoprovideasecuritydepositinthe
formofaBankGuarantee(“BG”)asspecifiedinAnnexureIII10(d)totheRFP.TheBGprovidedpriortothebidding
(the“SecurityDeposit”)shallbevalidupto30thNovember2021(plusaclaimperiodof30days).
•
TheSecurityDepositshallbeforanamountequivalenttoINRtwenty-five(25)Lakhs
•
TheoriginalcopyofSecurityDepositshouldbesubmittedtothebelowmentionedaddressbeforethelastdateas
indicatedinSection5,under‘LastdateforsubmissionofphysicalcopyofSecurityDeposit’:

13. Bid Parameters
13
Price Bid-“P” (in USD/MMBtu)
•Denotedasavariable‘P’,thataBidderwouldberequiredtoquotepursuanttotheGasPriceformulaspecifiedbelow:
GasPrice(inUSD/MMBtu(GCV))shallbe=PPACGasPrice+0.60+P (referclause7ofRFP)
Where,(i)GasPricewouldbecomputeduptotwodecimalplaces.
Where“PPACGasPrice”shallmeanthepriceofdomesticnaturalgasasnotifiedbyPetroleumPlanningandAnalysisCell(PPAC)inUSD/
MMBtu,fromtimetotimeinaccordancewithPara8ofthe“NewDomesticNaturalGasPricingGuidelines,2014”
PPACGasPriceisthePPACGasPriceapplicablefortheMonth.
(ii)Pin(USD/MMBtu)shallbequotedbyaBidderwhichshouldbeazeroorpositivenumberanduptotwodecimalplaces
(iii)0.60intheGasPrice,isinUSD/MMBtu
•ThestartingPriceBidforthee-BiddingProcessisP=0USD/MMBtu.
•Tickersizeshallbe0.01USD/MMBtuandonlyupwardincrementsshallbeallowedinmultiplesofTickersize
•UnreasonablyhighPricebid(i.e.Phigherthan10USD/MMBtu)shallnotbeacceptedbybiddingportal
Volume (MMSCMD)
•TotalavailableVolumeof0.2MMSCMD wouldbe
availableforbidding
•MinimumVolumebidshallbe0.01MMSCMD
•Maximum Volume bid –Total available Volume
•Tickersizeforincrement/decrementofvolumeshallbe
0.01MMSCMDanditcanbechangedprovidedPriceBidis
increased
•VolumebidcannotbelessthanProvisionalGSPAQuantity
determinedbyE-BiddingPlatform

14. Bid Evaluation Process
14
Bid Evaluation
Pre-Qualification /
Technical Evaluation
1. Evaluation of documents submitted by bidder
during Pre-Qualification
2. Technically qualified bidders to be mapped for
E-Bidding
E-Bid evaluation
1. E-Bidding Platform to assess the valid bids
submitted for the parameters against the
rules specified in Section 7 of RFP
2. Upon closure of E-bidding Process, last valid
bid submitted by each Bidder would be used
to determine GSPA quantity for each bidder

15. Process during live e-Bidding
15
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

16. Ranking of bidders and ties in bids
16
Ranking of bidders
•Allocationof(provisional)GSPAquantityindescendingorderofPriceBidquoted
Tie in Price Bid
•Bidderstogetvolumequotedifthecombinedvolumeislowerthantheremainingvolumeofgas
•Remainingvolumeofgastobepro-ratedaspervolumequotesofbidders’withtiesifthecombinedvolumeishigherthanthe
remainingvolume
UpontheclosingoftheE-BiddingProcess,theProvisionalGSPAQuantitydeterminedbasedonthelastbidsreceivedshallbe
consideredastheGSPAQuantityforeachBidder.

17. Illustration: E-Bidding…(1/2)
17
Total available gas volume (on offer ) : 10 MMSCMD

18. Support Contact
18
Query Type Contact Details
General clarification regarding bidding
process
[email protected]
[[phone]]
[[phone]]
Technical Support
Cell Numbers: [phone] / 9510813489 / 9374519754
User can contact to above numbers or send mail to [email protected]

19. Key Clarifications to Bidders’ Queries on RFP
19
Particular Query Clarification
Definitions:
‘Natural Gas’ Definition
To remove the term Wet Gas and
Helium from the definition
Also add, Natural Gas shall meet
the PNGRB access code
specifications
NaturalGasisthegasproducedfromthereservoir
However,forthebuyertherelevantdefinitionistheSalesGas,and
suchSalesGassodeliveredshallbeasperthePNGRB
specificationsasperArticle8(Quality)andAnnexure4oftheGSPA
Definition:
End Date Definition
To increase the End Date from 2
Years to 10 Years
Currently Under Review
Article 3.3:
Effective Date and Start Date
Definition
Request to go upto730 Days The plan for Duarmara Contract Area First Gas is by Q3 CY 2022
Article 4:
DCQ
Kindly clarify the situation when
Buyer is not able to offtake or seller
is not able to deliver DCQ or when
quantity dips below 80% or exceeds
120%
Any quantity outside the DCQ range shall be discussed between the
Buyer and the Seller.
However, the current GSPA does not provided for any penalty
provision

20. Key Clarifications to Bidders’ Queries on RFP & GSPA
20
Particular Query Clarification
Article 8:
Pressure
To agree on a fixed delivery
pressure
Noted.Underreview.WillbeupdatedintheGSPAshortly
Article 8.5 and 8.6
Quality Clarification of Applicable Period
IncaseofBuyernotifyingtheSelleronthedeliveryofnon-
specificationgas,theeffectiveStarttimeofsuchnoticecannotbe
morethan6hourspriortothereceiptofactualnotice
ApplicablePeriodshallbethedurationbetweennoticeofdeliveryof
nonspecificationgasandtheremedythereof
Note: The detailed clarifications and any relevant addendums to RFP, in response to Bidder’s queries shall be uploaded on thee-Bidding Platform

21. Thank you