Abstract

Government of India has announced the Hydrocarbon Exploration Licensing Policy (HELP) to incentivize exploration for enhancing domestic hydrocarbon production in Indian Sedimentary Basin. This policy is based on a revenue sharing fiscal model. In the HELP regime, Government of India is giving dispensation in royalty. The bidding of acreages will be under the provisions of Open Acreage Licensing Policy (OALP). Investors can curve out their own blocks for all types of hydrocarbon and submit Expression of Interest (EoI)