Pradhan starts roadshow to sell 46 oil & gas blocks
The Dollar Business Bureau Starting the first roadshow to auction the 46 discovered small gas and oil fields, Dharmendra Pradhan, Minister for Petroleum and Natural Gas on Monday said that he is confident of receiving good response for blocks that are being auctioned with minimum conditionalities. Pradhan promised transparent regulations and better ease of doing business in the allocation of the blocks. “The present auction, as well as the newly declared Hydrocarbon Exploration and Licensing Policy (HELP), are both noteworthy improvements over the former New Exploration Licensing Policy (NELP) regime,” he added. “The purpose to shift from NELP to HELP is to make administrative and fiscal systems that are simpler and more transparent,” the minister said.As these blocks have no criteria for ...
New measures to up indigenous oil production
Besides ensuring ways for offering of exploration blocks through a bidding process, the new policy measures allow Non-exclusive Multi-Client Speculative Survey for assessment of unexplored sedimentary basins The Dollar Business Bureau Minister of State (I/C) for Petroleum & Natural Gas Dharmendra Pradhan informed about new policy reforms in a written reply to Rajya Sabha on Wednesday. With a view to enhance the countrys energy capacity, the Union Petroleum Ministry has announced key measures which aim to boost exploration activities and indigenous oil and natural gas production. An official announcement in this regard was made by the Minister of State (I/C) for Petroleum & Natural Gas Dharmendra Pradhan, in a written reply to Rajya Sabha on Wednesday. New measures intend to encourage National Oil Companies ...
