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Paradigm Shift in Hydro Carbon Exploration Supposed to Happen with Complete Regulatory Overhauling in O&G Domain in Place

The government plans path-breaking reforms in oil and gas exploration to allow pricing freedom for gas produced from new exploration blocks that companies can carve out themselves and bid for whenever they want instead of waiting for an auction round. 
Source:  ET

SNP Insights

Open acreage scheme & unified licensing policy along with pricing & marketing freedom for natural gas, might bolster investment sentiment in O&G exploration in India. Yet , pertaining the fact that cost of exploration may vary significantly, due to difficult terrain & unavailability of concrete geological reserve database in India, private players might respond pessimistically towards proposed revenue sharing model of govt. Implementation of new regulatory guidelines & industry response to it, will be seen in due course of time.

Source:  SNP Infra Research