Facilitation Workshop by Ministry of Petroleum and Natural Gas

In their bid to achieve the Vision for the Energy Security and Sufficiency of Prime Minister Narendra Modi, the Ministry of Petroleum and Natural Gas (MoPNG) has taken some important initiatives, which are now in process and as part of this move, a facilitation workshop is now being conducted in Kolkata.

To realize this unique vision, Dharmendra Pradhan, Minister of Petroleum and Natural Gas had launched the OALP Bid Round-I under the Hydrocarbon Exploration and Licensing Policy (HELP) in January 2018.

According to MoPNG officials, HELP is providing the exceeding policy outline that may move away from the profit sharing model to a revenue-sharing model, which has the potential of eliminating the massive regulatory burden and also the contractual rigidities.

Mahendra Pratap, Deputy Director General, Directorate of Hydrocarbons (DGH), in association with other officials from the government conducted the aforementioned workshop, which was attended by about 140 participants from various sectors, such as; E&P companies, investors, service providers and entrepreneurs.

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