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Oil Min mulls allowing exploration wells with conditions

Sep 13, 2012

Oil Min mulls allowing exploration wells with conditions

In a significant move, the Oil Ministry is mulling granting permission to drill exploration wells within an oil and gas field but with the condition that cost recovery of such wells would be allowed only in case there is a commercially exploitable discovery. #CompanyWatch #RIL #oil exploration #Oil Minister #Production-Sharing Contract #Oil and gas fields