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Five oilfields qualify for fiscal incentives under enhanced recovery policy

The ER policy was notified in October 2018, to promote use of new techniques to increase the recovery rate for oil and gas

Jyoti Mukul  |  New Delhi 

Cairn Vedanta’s Bhagyam oilfield (in Rajasthan’s Barmer district) and four fields of Oil and Natural Gas Corporation (ONGC) have been approved for fiscal incentives under the government’s Enhanced Recovery (ER) policy.

However, the Directorate General of Hydrocarbons (DGH) is yet to take a call on whether Cairn’s flagship field, Mangala, and ONGC’s Jhalora (Cambay Basin) fields qualify for sops under the policy. The crucial issue that is to be decided is if the field development plans that entail use of ER techniques had been approved prior to the policy ...

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First Published: Wed, December 18 2019. 01:19 IST
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