
Initiatives taken for Increasing Domestic Production of Oil and Gas
The policy initiatives taken by the Government to increase domestic production of oil and gas include:-
Policy for Relaxations, Extensions and Clarifications under Production Sharing Contract (PSC) regime for early monetization of hydrocarbon discoveries
Discovered Small Field Policy
Hydrocarbon Exploration and Licensing Policy
Policy for Extension of Production Sharing Contracts
Policy for early monetization of Coal Bed Methane
Setting up of National Data Repository
Appraisal of Unappraised areas in Sedimentary Basins.
Re-assessment of Hydrocarbon Resources.
Policy framework to streamline the working of Production Sharing Contracts in Pre-NELP and NELP Blocks
Policy to Promote and Incentivize Enhanced Recovery Methods for Oil and Gas
Policy framework f...