File Name: hydrocarbon exploration and licensing policy .zip
This resource is periodically updated for necessary changes due to legal, market, or practice developments. Significant developments affecting this resource will be described below.
What's on Practical Law? Show less Show more. Ask a question. Oil and gas regulation in India: overview. Related Content. It covers transfer of rights; transportation by pipeline; environmental impact assessments; decommissioning; waste regulations and proposals for reform. Domestic sector 1. What is the role of the domestic oil sector in your jurisdiction?
Domestic production Projected crude oil production for the year was Around Even though it is a net importer of crude oil, India is a net exporter of petroleum products due to its refining capacity. The estimated import of petroleum products for the year was Estimated petroleum products export for the year was Domestic market structure Before , the Indian Government and national oil companies had a monopoly over the oil and gas sector.
In , the government adopted the New Exploration Licensing Policy NELP under which acreages for explorations of hydrocarbons were awarded through international competitive bidding, and domestic and foreign companies were given equal opportunity. Nine rounds of biddings were concluded under NELP, in which production sharing contracts for exploration blocks were awarded. The remaining Government policy objectives The government's Hydrocarbons Vision envisages a framework in the hydrocarbons sector.
Its key focus areas are to:. Develop the hydrocarbon sector as a globally competitive industry by upgrading technology and building capacity. Have a free market and promote healthy competition and improve customer service. Ensure oil security for India keeping in view strategic and defence considerations. The objectives for the exploration and production sector include:. Undertaking an appraisal of Indian sedimentary basins to tap hydrocarbon potential and optimise production of crude oil and natural gas with the aim of having a reserve replacement ratio of more than one.
To be at the technological forefront in the global exploration and production industry. Achieving as near as zero impact on the environment. The objective with regard to external policy and oil security is to supplement domestic availability of oil with a view to providing adequate, assured and cost-effective hydrocarbon energy to India.
Earlier hydrocarbon concessions were awarded under the NELP regime, in which the government invited bids for select blocks after a certain period of time. NELP followed a production sharing model and allowed exploration and production of conventional hydrocarbons. Under HELP, a revenue sharing mechanism has been adopted and marketing and pricing freedom is provided for any hydrocarbons produced. The Open Acreage Licensing Policy OALP , one of the main facets of HELP, aims to fast-track upstream activities and create a continuous window of exploration opportunities in which exploration and production companies have the flexibility to choose the hydrocarbon blocks to carry out relevant activities.
Bids for 11 blocks have been received in June in the fifth bidding round. Expression of interest for unallocated blocks were allowed to be submitted in the sixth and seventh rounds until 31 July Various small and marginal hydrocarbon blocks under national oil companies were not monetised due to their isolated locations, small size and monetary prospects.
The government adopted the Discovered Small Field Policy earlier known as Marginal Field Policy to bring these fields into production. Similar to HELP, under this policy, a revenue sharing mechanism and a single licence for all hydrocarbons is adopted.
The contractors can sell the crude oil exclusively in domestic market through a transparent bidding process on an arm's length basis. In the first round of auctions, concluded in under the policy, 23 onshore and eight offshore blocks were awarded to public sector undertakings, private companies and foreign companies. Under the second round of auctions, 23 contract areas have been awarded in March Current market trends India's oil demand has outpaced supply and this gap is expected to widen in future.
What is the role of the natural gas sector in your jurisdiction? Domestic production Projected natural gas production for the year was Coal bed methane CBM production from five operating blocks was about 1. India does not export LNG. Domestic market structures See Question 1. Government policy objectives See Question 1, Government policy objectives. In addition, the Hydrocarbons Vision lays down specific objectives relating to natural gas, including:.
Encouraging use of natural gas. Ensuring adequate availability through a mix of domestic gas imports through pipelines and importing LNG. Tapping unconventional sources of natural gas like CBM, natural gas hydrates and underground coal gasification.
Current market trends There is a trend towards trying to develop India as a gas-based economy. The government and the regulator have pushed towards the expansion of the of city gas distribution networks.
There are around 96 geographical areas which have been awarded until August for development. As on 1 January , approximately 4. The government envisages connecting 10 million households with piped natural gas supplies by This is expected to increase the demand of natural gas.
Are domestic energy requirements met by domestic oil and gas production? Oil requirements India is the third largest consumer of crude oil and petroleum products. Domestic production only accounts for Natural gas requirements Domestic production of natural gas is around India is dependent on imports of Are there specific government policies to encourage the exploration and production of unconventional gas or oil?
One of the major policies encouraging the exploration and production of coal bed methane CBM was the CBM Policy in , under which four rounds of bidding were implemented, resulting in 33 CBM blocks, covering 16, square kilometres. In addition, in , the government under its Shale Gas Policy granted permission for shale gas exploration and production to national oil companies in onshore nomination blocks that is, blocks awarded to the national oil companies before the NELP regime.
The policy was announced with the sole purpose of promoting shale gas and oil operations in existing blocks operated by national oil companies. The government has also been promoting more exploration of shale gas and gas hydrates. A key reason for the inadequate development of unconventional hydrocarbons was that NELP and earlier regimes allowed contractors to carry out petroleum operations only for the specified hydrocarbon, which often used to be either crude oil or natural gas.
In August , the government introduced a policy framework for exploration and exploitation of unconventional hydrocarbons. The policy seeks to grant a uniform licence to all existing oil and gas blocks.
Regulation Regulatory bodies. Who regulates the exploration and production of oil and gas? MoPNG has set up the Directorate General of Hydrocarbons under its administrative control with the aim of promoting sound management of Indian petroleum and natural gas resources, with balanced regard for the environment, safety, technological and economic aspects of petroleum activity. The Mines Act regulates the safety, welfare and health of workers employed in mines.
The act is administered by the Directorate General of Mines Safety which is a regulatory agency under the Ministry of Labour and Employment, which aims to attain risk and hazard free conditions of work for persons employed in mines.
Natural gas See above, Oil. The regulatory regime. What is the regulatory regime for onshore and offshore oil and gas exploration and production? India has a federal government structure under which the Indian government and governments at state level can enact legislation on the subjects reserved for them under the Constitution of India.
Under the Constitution, the regulation and development of oilfields, mineral oil resources, petroleum and petroleum products falls within the jurisdiction of the parliament, that is, the central legislative body in India. In addition, the Territorial Waters, Continental Shelf, Exclusive Economic Zone and the Maritime Zones Act provides for granting licences by the government to explore and exploit the resources of the continental shelf and Exclusive Economic Zone.
Enforcement of regulation 7. What are the regulator's enforcement powers? Orders The Directorate General of Hydrocarbons DGH has been delegated powers by the government to monitor upstream operations exploration programmes and enforce production and revenue sharing contracts.
Under a revenue sharing contract, the government, acting through the DGH, can grant extensions for execution of the minimum work programme, accept or reject change of operator and impose liquidated damages. In the midstream and downstream sector, the Petroleum and Natural Gas Regulatory Board PNGRB can adjudicate on complaints and resolve disputes in relation to refining, processing, storage, transportation, marketing and distribution. Fines and penalties Violations of revenue or production sharing contracts can lead to their termination.
The rules under Oilfield Regulation and Development Act provides imprisonment for up to six months or with a fine up to INR1,, or both for their contravention. For example, the PNG Rules provide for a penalty where an interest holder in a contract area does not maintain all apparatus, appliances and wells capable of producing hydrocarbons in good repair and condition, or does not execute prospecting or mining operations in a proper and workman-like manner.
Continuing a contravention is punishable with an additional fine of up to INR1 million for every day it goes on. Wilful failure to comply with an order of the Appellate Tribunal for Electricity, is punishable with fine up to INR10 million. Subsequent offences are punishable with fine up to INR20 million and a continuing contravention is punishable with an additional fine up to INR2 million for every day the default continues.
Is there a right of appeal against the regulator's decisions? In the upstream sector, the courts at Delhi have jurisdiction over all matters arising out of or relating to a revenue sharing contract.
A dispute between a contractor and the government under a revenue sharing contract that is not amicably settled can be submitted for conciliation or arbitration under the Arbitration and Conciliation Act The grounds of challenging the arbitral award include lack of impartiality or independence of the arbitrator and conflict with the public policy of India.
APTEL and the Supreme Court of India can entertain an appeal after expiry of this period if they consider that there is sufficient cause for delay. Rights to oil and gas Ownership.
The main objective was to attract significant risk capital from Indian and Foreign companies, state of art technologies, new geological concepts and best management practices to explore Oil and Gas resources in the country to meet rising demands of Oil and Gas. As a result of exploratory activities, several unexplored and poorly explored areas, in particular offshore and deep-water areas were appraised through geophysical surveys and exploratory drilling. It comes with attractive and liberal terms like reduced royalty rates and no oil cess, marketing and pricing freedom, submission of Expression of Interests EoIs round the year, a single license to cover conventional and unconventional hydrocarbon resources, exploration allowed during the entire contract period, easy bidding process, transparent award and swift processing of approvals. Salient features of Policy Reforms cover Category Specific Bid evaluation criteria with more weightage to exploratory work programme, Category-II and III type blocks will be bided based on exploratory work programme only, shorter exploration period, concessional royalty rates to expedite oil and gas production, bid rounds commencing thrice in a year, and introduction of alternate dispute resolution mechanism. The operators of these blocks have since then initiated petroleum exploration activities or are in process of obtaining Petroleum Exploration Licenses PELs. The exploration acreage which stood at approximately 80, sq. Visitor No:.
HELP is applicable for all future contracts to be awarded. The ceiling will be calculated once in six months. The price data used shall be the trailing four quarters data with one quarter lag. All gas fields currently under production will continue to be governed by the pricing regime which is currently applicable to them. The first round of offer of blocks was launched in and most of the ninth round awards were concluded in Presently, blocks are active and 88 have been relinquished . Separately, under the CBM Policy, thirty- four blocks have been offered and 33 were awarded as on date.
This resource is periodically updated for necessary changes due to legal, market, or practice developments. Significant developments affecting this resource will be described below. What's on Practical Law? Show less Show more. Ask a question. Oil and gas regulation in India: overview. Related Content.
Click here for Paper I G. For queries, reach us on prestorming shankarias. Why in news? India has announced a new hydrocarbon exploration licensing policy HELP.
India is expected to account for almost one-third of the global growth in energy demand by Consumption of natural gas in India is projected to increase to In May , India had 4.
Ответа не последовало. В лаборатории царил образцовый порядок, словно здесь никто не появлялся уже много часов. Чатрукьяну было всего двадцать три года, и он относительно недавно начал работать в команде обеспечения безопасности, однако был хорошо подготовлен и отлично знал правила: в шифровалке постоянно дежурил кто-то из работников его службы… особенно по субботам, когда не было криптографов. Он немедленно включил монитор и повернулся к графику дежурств на стене. - Чья смена? - громко спросил он, пробегая глазами список. Согласно расписанию, в полночь должен был заступить на двойную смену новый сотрудник по имени Зейденберг. Чатрукьян еще раз обвел глазами пустую лабораторию и нахмурился.
Танкадо даже не узнает, что мы побывали у него в гостях. - Спасибо, - устало кивнул коммандер. Сьюзан ответила ему теплой улыбкой. Ее всегда поражало, что даже в преддверии катастрофы Стратмор умел сохранять выдержку и спокойствие. Она была убеждена, что именно это качество определило всю его карьеру и вознесло на высшие этажи власти. Уже направляясь к двери, Сьюзан внимательно посмотрела на ТРАНСТЕКСТ.
Консьерж снова покачал головой: - Ресторан закрылся полчаса. Полагаю, Росио и ее гость ушли на вечернюю прогулку. Если вы оставите для нее записку, она получит ее прямо с утра.
- Следопыт вышел на Хейла. - Следопыт так и не вернулся. Хейл его отключил. И Сьюзан принялась объяснять, как Хейл отозвал Следопыта и как она обнаружила электронную почту Танкадо, отправленную на адрес Хейла.
Она понимала, что найти принадлежащую Хейлу копию ключа будет очень трудно. Найти ее на одном из жестких дисков - все равно что отыскать носок в спальне размером со штат Техас. Компьютерные поисковые системы работают, только если вы знаете, что ищете; этот пароль - некая неопределенность. К счастью, поскольку сотрудникам шифровалки приходилось иметь дело с огромным количеством достаточно неопределенных материалов, они разработали сложную процедуру так называемого неортодоксального поиска.
3 - Да! - скомандовал Фонтейн. - Нажимайте. Сьюзан задержала дыхание и опустила палец на клавишу Ввод. Компьютер издал звуковой сигнал.
Он не дал волю гневу, а лишь преисполнился решимости. Когда службы безопасности выдворяли его из страны, он успел сказать несколько слов Стратмору, причем произнес их с ледяным спокойствием: - Мы все имеем право на тайну. И я постараюсь это право обеспечить. ГЛАВА 7 Мозг Сьюзан лихорадочно работал: Энсей Танкадо написал программу, с помощью которой можно создавать шифры, не поддающиеся взлому. Она никак не могла свыкнуться с этой мыслью.
Рекомендации? - выпалил Джабба.
Проще было его игнорировать. Хейл подошел к буфету, с грохотом открыл решетчатую дверцу, достал из холодильника пластиковую упаковку тофу, соевого творога, и сунул в рот несколько кусочков белой студенистой массы. Затем облокотился о плиту, поправил широкие серые брюки и крахмальную рубашку.
Ты же знаешь, что шифры, которые не поддаются, не выходят у меня из головы. Дэвид молчал. - Расскажи.
Однажды в компьютере случился сбой, причину которого никто не мог установить. После многочасовых поисков ее обнаружил младший лаборант.
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In recent decades, India has increasingly felt the need to reduce its dependence on imported crude oil by augmenting domestic production.Nicole M. 18.05.2021 at 02:00
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