(EnergyWorld)
Lauding the Ministry of Petroleum and Natural Gas over the launch of the Open Acreage Licensing Policy (OALP) and National Data Repository (NDR), the Federation of Indian Chambers of Commerce and Industry (FICCI) on Friday said these initiatives are set to give India’s oil and gas exploration a big push.
“These initiatives launched under the new Hydrocarbon Exploration and Licensing Policy (HELP), are major steps in India’s journey towards achieving energy security. This is also a big step to incentivise the domestic exploration and production activities in the country; the bidding being done after a gap of seven years,” said Pankaj Patel, President, FICCI.
