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