DGH overhauls approval processes for oil, gas fields

A self-certified declaration of a commercial oil or gas discovery is all that is now needed by a company to get statutory recognition for a hydrocarbon find after the upstream regulator DGH overhauled approval processes. Following up on its announcement of last month, Directorate General of Hydrocarbons (DGH) released ‘Guidance Document’ for online submission of various documents.

“This document is prepared to guide the E&P (oil and gas exploration and production) contractors for submission of Production Sharing Contract (PSC),” DGH said.

It allows self-certified documents for requirements like bank guarantee to the appointment of auditor and relinquishing an area or a commercial oil and gas discovery is made.