{"id":259818,"date":"2019-02-19T06:32:28","date_gmt":"2019-02-19T06:32:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=259818"},"modified":"2019-02-19T06:38:54","modified_gmt":"2019-02-19T06:38:54","slug":"panel-favours-older-oil-hunt-rules","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/panel-favours-older-oil-hunt-rules\/","title":{"rendered":"Panel favours older oil hunt rules"},"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 back to the older system of awarding areas in most basins based on the exploration commitment.<\/p>\n<p>The six-member panel, headed by Niti Aayog vice-chairman Rajiv Kumar, which was formed on the directions of Prime Minister Narendra Modi, 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, it said.<\/p>\n<p>\u201cHowever, in the case of windfall gain, defined as reven<\/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 back to the older system of awarding areas in most basins based on the exploration commitment. The six-member panel, headed by Niti Aayog vice-chairman Rajiv Kumar, which was formed on the directions of Prime Minister Narendra Modi, 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 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-259818","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259818","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=259818"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259818\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=259818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=259818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=259818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}