Business Standard

Centre's ambitious oil & gas output target hits environment hurdle

Several assets under the discovered small fields rounds (DSF I & II) and open acreage licensing policy (OALP) are facing hurdles in getting clearances from environment departments

oil, oilfield, exploration, prices, petrol, crude oil, drill, natural gas, production, ongc, vedanta, cairn
Premium

Shine Jacob New Delhi
India’s ambitious target to increase domestic oil and gas production has hit the environment roadblock now.
 
Several assets under the discovered small fields rounds (DSF I & II) and open acreage licensing policy (OALP) are facing hurdles in getting clearances from environment, forests and wildlife departments.
 
According to sources, a few companies that got blocks under DSF-I are considering surrendering their blocks, too.
 
This is because they are left with only three months to start production, based on the initial contract with the government. 
 
None of the DSF blocks started commercial production and a large chunk

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 18 2019 | 7:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com