{"id":262502,"date":"2019-03-05T07:20:09","date_gmt":"2019-03-05T07:20:09","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=262502"},"modified":"2019-03-05T07:55:51","modified_gmt":"2019-03-05T07:55:51","slug":"oil-exploration-will-remain-a-challenge-for-govts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-exploration-will-remain-a-challenge-for-govts\/","title":{"rendered":"Oil exploration will remain a challenge for govts"},"content":{"rendered":"<p>India\u2019s hydrocarbon space will test the patience and policy consistency of the government of the day in the coming years as the country\u2019s exploration policy enters a transition phase.<\/p>\n<p>Life of the New Exploration Licensing Policy (NELP) regime may remain only for the next 10-15 years, as the country\u2019s entire oil and gas exploration as well as production business is shifting to Hydrocarbon Exploration Licensing Policy (HELP)-Open Acreage Licensing Programme (OALP).<\/p>\n<p>In many countries there are multiple models \u2014 revenue sharing, production sharing or customised \u2014 but these are places where the oil industry plays a dominant role.<\/p>\n<p>In India there are mainly three different categories \u2014 nomination basis: areas given prior to auction rounds; pre-NELP and NELP: where areas were given through auctions based on production sharing contracts; and HELP regime \u2014 a uniform licensing regime based on revenue sharing model and OALP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s hydrocarbon space will test the patience and policy consistency of the government of the day in the coming years as the country\u2019s exploration policy enters a transition phase. Life of the New Exploration Licensing Policy (NELP) regime may remain only for the next 10-15 years, as the country\u2019s entire oil and gas exploration as well as production business is shifting to Hydrocarbon Exploration Licensing Policy (HELP)-Open Acreage Licensing Programme (OALP). In many countries there are multiple models \u2014 revenue sharing, production sharing or customised \u2014 but these are places where the oil industry plays a dominant role. In India [&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],"tags":[],"class_list":["post-262502","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262502","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=262502"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/262502\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=262502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=262502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=262502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}