DGH is there to help producers, not stand in their way

Oil explorers can finally heave a sigh of relief. The petroleum ministry, as our lead story today points out, has decided to get out of their way, not completely but to a large extent. Indeed, the process has been under way for some months now. Till February, for instance, the work schedule of exploration firms was excessively compartmentalised—they could explore for oil/gas for 8 years, after which the next 17 years of the license had to be spent only ‘developing’ the fields. 

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