Government Launches Special Licensing Round for Deepwater and Ultra-Deepwater Blocks

Government Launches Special Licensing Round for Deepwater and Ultra-Deepwater Blocks New Delhi, 6 Nov (KNN) The government is introducing a special licensing round for deepwater and ultra-deepwater oil and gas blocks, offering monthly bidding windows and relaxed financial terms to encourage offshore exploration. Under its Rs 84,084-crore Samudra Manthan programme, the Centre will cover up to 50 percent of eligible exploratory drilling costs to reduce investment risks. The Directorate Gene

NewsBeagle is a discovery engine. We show the headline, a short source-supplied summary and clear attribution. The complete reporting remains with the publisher.