To fast-track the process of approvals for contractors of hydrocarbon fields, the government has decided to form a committee, headed by the Cabinet secretary, which will monitor the development work undertaken by the contractors right from the beginning.
Also, the directorate general of hydrocarbons (DGH) will act as a single window for contractors for obtaining approvals. In addition, contract terms for blocks in unexplored basins will also be eased.
These proposals were cleared by the Union Cabinet on Tuesday while approving changes in the Hydrocarbon Exploration and Licensing Policy (HELP) and will be notified soon.
