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Revenue sharing contract terms eased for discovered small fields to lure investors

Revenue sharing contract terms eased for discovered small fields to lure investors : Rashtra News #Revenue #sharing #contract #terms #eased #discovered #small #fields #lure #investors The government has eased the terms of the revenue sharing contract to attract investors to the latest bidding round of discovered small fields, which has dragged on for nearly a

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Govt offers 8 blocks for production of hydrocarbons under OLAP bid

Govt offers 8 blocks for production of hydrocarbons under OLAP bid
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Hindustan Oil Exploration Company Ltd resumes oil production from D-1 well of B-80 fiele

Hindustan Oil Exploration Company Limited has resumed oil production from D-1 well in its B-80 field, located in western offshore, after arresting a leak in the SCSSV control line.

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Oil Ministry seeks review of windfall tax; wants certain fields exempt

Oil Ministry seeks review of windfall tax; wants certain fields exempt
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Oil ministry seeks review of windfall tax;wants certain fields exempt - Jammu Kashmir Latest News | Tourism

NEW DELHI, Sept 19: The oil ministry has sought a review of the two-and-a-half-month old windfall profit tax on domestically produced crude oil saying it goes against the principle of fiscal stability provided in contracts for finding and producing oil. The ministry in the August 12 letter, reviewed by PTI, sought exemption for fields or blocks, which were bid out to companies under Production Sharing Contract (PSC) and Revenue Sharing Contract (RSC), from the new levy. It stated that companies […]

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