File Name: hydrocarbon exploration and licensing policy .zip
In recent decades, India has increasingly felt the need to reduce its dependence on imported crude oil by augmenting domestic production. This article analyses the salient features of the OALP to argue that it has remedied most of the problems associated with previous licensing regimes. Even though India has significantly liberalized the auction and licensing process, the fiscal terms governing the revenue sharing between the operator and the government have served as a deterrent to make India an attractive destination for foreign investors. Most users should sign in with their email address. If you originally registered with a username please use that to sign in. To purchase short term access, please sign in to your Oxford Academic account above. Don't already have an Oxford Academic account?
India is expected to account for almost one-third of the global growth in energy demand by Consumption of natural gas in India is projected to increase to In May , India had 4. As of April 1, , India had a network of 10, km of crude pipeline having a capacity of Midstream : Processes, stores, markets and transports commodities such as crude oil, natural gas, natural gas liquids liquefied natural gas such as ethane, propane and butane and sulphur. Downstream : Refers to the refining of crude oil and the selling and distribution of natural gas and products derived from crude oil.
The main objective was to attract significant risk capital from Indian and Foreign companies, state of art technologies, new geological concepts and best management practices to explore Oil and Gas resources in the country to meet rising demands of Oil and Gas. As a result of exploratory activities, several unexplored and poorly explored areas, in particular offshore and deep-water areas were appraised through geophysical surveys and exploratory drilling. It comes with attractive and liberal terms like reduced royalty rates and no oil cess, marketing and pricing freedom, submission of Expression of Interests EoIs round the year, a single license to cover conventional and unconventional hydrocarbon resources, exploration allowed during the entire contract period, easy bidding process, transparent award and swift processing of approvals. Salient features of Policy Reforms cover Category Specific Bid evaluation criteria with more weightage to exploratory work programme, Category-II and III type blocks will be bided based on exploratory work programme only, shorter exploration period, concessional royalty rates to expedite oil and gas production, bid rounds commencing thrice in a year, and introduction of alternate dispute resolution mechanism. The operators of these blocks have since then initiated petroleum exploration activities or are in process of obtaining Petroleum Exploration Licenses PELs. The exploration acreage which stood at approximately 80, sq.
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The Hydrocarbon Exploration and Licensing Policy (HELP) is an exploration and will be applicably [Please, see the pdf version of the document for royalty rates].
HELP is applicable for all future contracts to be awarded. The ceiling will be calculated once in six months. The price data used shall be the trailing four quarters data with one quarter lag. All gas fields currently under production will continue to be governed by the pricing regime which is currently applicable to them. The first round of offer of blocks was launched in and most of the ninth round awards were concluded in
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This license will enable the contractor to explore conventional and unconventional oil and gas resources including CBM, Shale Gas/Oil, Tight Gas.Sultdendperno 21.03.2021 at 00:41
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