Hydrocarbon Exploration and Licensing Policy

Photo courtesy:  ONGC, Mumbai

India is presently proactively attempting to invest in exploration activities with the assistance of private enterprises in an effort to reduce the import dependency gap. View of ONGC’s Mumbai High.

Abstract: The Hydrocarbon exploration and licensing policy, adopted in March 2016, introduced an open acreage licensing system besides newer features that allowed companies to bid for blocks as per their choice.