News Detail

<p style="text-align: justify;"><strong><span style="font-size:14px"><span style="font-family:calibri">News:</span></span></strong></p> <p style="text-align: justify;"><span style="font-size:14px"><span style="font-family:calibri"><span style="color:rgb(62, 62, 62)">In keeping with its promise of sectoral reform, the Narendra Modi</span><span style="color:rgb(62, 62, 62)">-led government has unveiled a draft policy that aims at making oil and gas exploration in India fair, transparent and attractive for investors.<br /> <span style="font-size:10px">Source: Financial Express</span></span></span></span></p> <p style="text-align: justify;"><strong><span style="font-size:14px"><span style="font-family:calibri"><font color="#3e3e3e">SNP&nbsp;Insight:</font></span></span></strong></p> <p style="text-align: justify;"><span style="font-size:14px"><span style="font-family:calibri">The new draft policy proposes revenue sharing <span style="color:rgb(62, 62, 62)">arrangement, doing away with the cost-recovery model followed under the New Exploration Licensing Policy (NELP) would certainly help the government to improve the balance sheet as developer has left no scope to inflate the cost to dwindle the profit.&nbsp;However it may burden and extend the developer in recovery of fixed cost and break even point in the uncertain environment.<br /> <span style="font-size:10px">Source: SNP Infra Research</span></span></span></span></p>