Ministry of Petroleum & Natural Gas

Hydrocarbon Exploration and Licensing Policy (HELP)/ Open Acreage Licensing Policy (OALP)

  • This is a paradigm shift from Production Sharing Contract (PSC) regime to Revenue Sharing Contract (RSC) regime based on the principle of ease of doing business.
  • It provides for single License for exploration and production of conventional as well as non-conventional Hydrocarbon resources; Pricing and Marketing Freedom; reduced rate of royalty for offshore blocks, Open Acreage Licensing Policy that means option to select the exploration blocks without waiting for formal bid round. Expression of Interest can be submitted round the year and Bidding is carried out every 6 months.
  • Under ....

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