In a move that may ease the oil exploration regime in India, the government has allowed producers in the country to go beyond their assigned areas in case the same reservoir continues outside the contracted areas. This would help an operator undertake seismic studies, understand the data, and develop a discovery more efficiently.
Overlapping of reservoir is a contentious issue between Reliance Industries (RIL) and Oil and Natural Gas Corporation (ONGC) in the Krishna Godavari basin. The June 25 decision of the Ministry of Petroleum and Natural Gas (MoPNG) easing the permission norms for extended exploration will not affect
First Published: Jun 27 2018 | 6:35 AM IST