Hydrocarbon Exploration and Licensing Policy (HELP)/ Open Acreage Licensing Policy (OALP)
The Union government in 2016 has approved the Hydrocarbon Exploration and Licensing Policy (HELP). The four main facets of this policy are:
Uniform License for Exploration and production of all forms of hydrocarbon,
an Open Acreage Policy,
easy to administer Revenue Sharing Model and
Marketing and Pricing Freedom for the crude oil and natural gas produced.
The uniform licence will enable the contractor to explore conventional as well as unconventional oil and gas resources including CBM, shale gas/oil, tight gas and gas hydrates under a single license.
The concept of Open Acreage Policy will enable E&P companies choose the blocks from the designated ....
