https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Hydrocarbon_exploration_and_licensing_policy%2C_2016 2026-08-18T13:48:27Z Revision history for this page on the wiki MediaWiki 1.43.6 https://en.bharatpedia.org/w/index.php?title=Hydrocarbon_exploration_and_licensing_policy,_2016&diff=121474&oldid=prev 2020-11-22T21:14:18Z

<p>Copy editing including deletion of unneeded abbreviations.</p> <p><b>New page</b></p><div>&#039;&#039;&#039;Hydrocarbon exploration and licensing policy, 2016&#039;&#039;&#039; is the exploration and production policy of the [[Government of India]] in the hydrocarbon sector. The government adopted the policy in March 2016 in place of the [[New Exploration Licensing Policy]] 1997.[http://pib.nic.in/newsite/PrintRelease.aspx?relid=137638] [https://www.financialexpress.com/market/commodities/from-nelp-to-help-can-a-new-policy-transform-the-oil-and-gas-exploration-and-production-sector-in-india/428346/]<br /> <br /> ==Main features of the policy==<br /> * Uniform license for exploration and production of all forms of hydrocarbon such as coal bed methane, shale gas and oil, tight gas and gas hydrates.<br /> * An open acreage policy that allows companies to select the exploration blocks on their own without waiting for the formal bidding round from the government.<br /> * Easy to administer revenue sharing model as the government needs to audit only the production and revenue of companies (not costs). The subjective criterion of cost recovery has ended.<br /> * Marketing and pricing freedom for the crude oil and natural gas produced.<br /> <br /> ==References==<br /> {{Reflist}}<br /> 1. https://www.thehindu.com/business/Industry/cabinet-relaxes-nelp-pre-nelp-pact-rules/article24454109.ece<br /> 2.http://pib.nic.in/newsite/PrintRelease.aspx?relid=137638<br /> <br /> [[Category:Policies of India]]<br /> [[Category:Oil exploration]]<br /> [[Category:Energy in India]]<br /> [[Category:2016 in Indian economy]]<br /> <br /> {{energy-stub}}</div>

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