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CCI Business Bulletin 23/06/2018-29/06/2018
Saturday Jun 30, 2018

Centre eases oil exploration norms

Government has allowed producers in the country to go beyond their assigned areas in case the same reservoir continues outside the contracted areas. This would help an operator undertake seismic studies, understand the data, and develop a discovery more efficiently. Government also empowered Directorate General of Hydrocarbons (DGH) by allowing it to approve the cases of excess cost recovery up to 20%.

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