Government to spin-off NDR into separate company to boost oil, gas exploration
NEW DELHI: The government will create a company to own and operate India’s maiden National Data Repository (NDR) that stores information on the vast sedimentary basins in a bid to boost oil and gas exploration and production, a senior official said on Thursday.
The NDR was launched in 2017 to assimilate, preserve and upkeep the country’s vast sedimentary data for future use in oil and gas exploration and production.
“The government has decided that NDR will be transferred into a separate company — a separate independent company,” said Amar Nath, joint secretary in the Ministry of Petroleum and Natural Gas.
