Cess Threatens oil import reduction. Despite many calls—by the industry, the oil ministry and even Parliamentary committees—to withdraw the OID cess, the govt has continued with it. - Ashu Sagar, Secretary General, @AogoIndia
Good to see ONGC venturing into Cat-II & Cat -III , but we wish there were more bidders and more bids.
Has time come to review whether giving up PSC and replacing it with RSC was the right strategy for Indian basins.
Maybe we can develop hybrid model for the Indian Challenge ...
Mr Amarnath, Joint Secretary, @PetroleumMin delivers the vote of thanks and congratulates ONGC for venturing into Category-II & III basins viz Vindhayan and Bengal Purnea, which may evolve into new production hotspots. @AogoIndia@ONGC_
AOGO welcomes the development and wishes it a successful implementation.
DGH launches single window clearance system | ET EnergyWorld https://t.co/6TxCm89wk7
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Reminder: Hope you have submitted your EOI for the E&P blocks of your choice - Submission window closes on 30th November, 2019 for India OALP-V Bid Round. Vast areas available for licensing and 230 billion barrels of O+OEG are Yet-to-Find. @PetroleumMin@CIIEnergy@AogoIndia
New domestic gas production in India will have an evacuation pipeline somewhere nearby, making even stranded gas viable. The market is already there. @PetroleumMin@AogoIndia@fipiind@CIIEnergy
NOTICE: Fifth Expression of Interest (EOI) submission window ends on 30th November, 2019 for India OALP Bid Rounds. Vast areas available for licensing. Submit NOW. See https://t.co/qxSXDnAl8R for all the details and the process. @PetroleumMin@AogoIndia@CIIEnergy@ficci_india
The E&P industry has to dispose steel scrap during and at the end of petroleum operations. A new steel scrap recycling policy is now in place. @PetroleumMin@AogoIndia
More gas coming soon from the prolific Indian eastern offshore fields. ONGC now, and RIL & BP earlier. The efforts of all have started yielding results. A big step towards enhancing domestic hydrocarbon production. @PetroleumMin@AogoIndia@Energy_NITI
Increase in domestic oil and gas production will fuel more investments in midstream and downstream. DGH diligently pursues its role to facilitate the upstream sector in India. @AogoIndia@CIIEnergy@ficci_india@PetroleumMin@Energy_NITI
Validation of the 42 billion tons of O+OEG prognosticated conventional hydrocarbon resources in India out of which 30 billion tons is Yet-to-Find by a Global E&P major (@BP_plc@BP_India ) @AogoIndia@fipiind@PetroleumMin@NITIAayog