{"id":259624,"date":"2019-02-18T07:29:10","date_gmt":"2019-02-18T07:29:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=259624"},"modified":"2019-02-18T07:29:10","modified_gmt":"2019-02-18T07:29:10","slug":"panel-backs-old-system-for-oil-block-bid","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/panel-backs-old-system-for-oil-block-bid\/","title":{"rendered":"Panel backs old system for oil block bid"},"content":{"rendered":"<p>Two years after the government shifted to revenue sharing contracts for oil and gas block auctions, a high-level panel has suggested reverting to the earlier system of awarding areas in most basins based on exploration commitment.<\/p>\n<p>The six-member panel, headed by NITI Aayog Vice-Chairman Rajiv Kumar, in its report submitted on January 29, stated that \u201cunexplored areas in Category II &amp; III basins be bid out exclusively based on exploration work programme.\u201d<\/p>\n<p>\u201cNo revenue or production sharing other than payment of statutory levies [including royalty]\u201d should be the criteria, the panel said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two years after the government shifted to revenue sharing contracts for oil and gas block auctions, a high-level panel has suggested reverting to the earlier system of awarding areas in most basins based on exploration commitment. The six-member panel, headed by NITI Aayog Vice-Chairman Rajiv Kumar, in its report submitted on January 29, stated that \u201cunexplored areas in Category II &amp; III basins be bid out exclusively based on exploration work programme.\u201d \u201cNo revenue or production sharing other than payment of statutory levies [including royalty]\u201d should be the criteria, the panel said.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-259624","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=259624"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259624\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=259624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=259624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=259624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}