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Latest News on Production Sharing Contract
Showing of 0 - 10 from 5 results
Production Sharing Contract - Total results - 5
Mar 10, 2016
Cabinet approves new pricing formula for gas finds in difficult areasSeeking to revive interest in oil and gas exploration by simplifying rules, the cabinet approved a new fiscal and contractual regime for award of hydrocarbon acreages.
Nov 25, 2015
Free gas pricing policy won't help 15-17 Tcf gas discoveries but future findsThe ministry proposed a Uniform Licensing Policy that will allow exploitation of all forms of hydrocarbons - conventional oil and gas as well as unconventional shale oil and gas and coal-bed methane (CBM) under one permit.
Nov 21, 2015
Rajasthan govt ready to extend Cairn licence by 10 yrs but wants more profit shareIf the licence is extended it will bring in billions of dollars of investments to the state
Nov 17, 2015
Govt proposes to free gas pricing, start revenue sharing for explorationIn the new regime, the companies will have to indicate the quantity of oil and gas they will share with the government at different stages of production as well as at different rates
Sep 13, 2012
Oil Min mulls allowing exploration wells with conditionsIn 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.