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OEF Rapid Review Articles

Following its first oil and gas field auction in six years India has decided to award the bulk of the operating licenses to new players. The operating licenses are for 31 contract areas comprising 44 oil and gas fields and have been awarded under a revenue-sharing model. These contract areas would monetize 40 million metric tons of oil and 22 billion cubic metres of natural gas over 15 years for the Indian government. India’s oil demand growth will outpace China‘s for the third year in a row in 2017.
LINK TO THE SOURCE ARTICLE:
India Steps Up Efforts To Boost Domestic Oil And Gas Production

 

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