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Open Acreage Licensing Programme (OALP) is related to which of the following?
- a)Hydrocarbon Exploration and Licensing Policy (HELP)
- b)New Exploration Licensing Policy (NELP)
- c)Both A and B
- d)Coal Bed Methane (CBD)
Correct answer is option 'A'. Can you explain this answer?
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Open Acreage Licensing Programme (OALP) is related to which of the fol...
Ministry of Petroleum and Natural Gas signed contracts for 7 blocks, awarded under Open Acreage Licensing Programme (OALP) Bid Round - IV.
Open Acreage Licensing Programme (OALP):
-Launched in 2016, OALP, is a part of Hydrocarbon Exploration and Licensing Policy (HELP).
-It is aimed at enabling faster survey and assessment of areas with oil and gas potential.
-It enables companies apply for particular areas they deem to be attractive to invest in, and the Centre then puts those areas up for bids.
Hydrocarbon Exploration and Licensing Policy (HELP): Introduced in 2016, it is a contractual and fiscal model for award of hydrocarbon acreages towards exploration and production (E&P).
Major Characteristic Features
-Single License for both conventional and unconventional Hydrocarbons
-Transition from Cost Recovery mechanism to Revenue Sharing mechanism.
-Full Marketing & Pricing Freedom
-Low regulatory burden
-Fiscal incentives provided to investors
Implementing Agency: Directorate General of Hydrocarbons (DGH), Ministry of Petroleum and Natural Gas.
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Open Acreage Licensing Programme (OALP) is related to which of the fol...
Open Acreage Licensing Programme (OALP)
The Open Acreage Licensing Programme (OALP) is a part of the Hydrocarbon Exploration and Licensing Policy (HELP) introduced by the Government of India in 2016. It aims to attract investment in the oil and gas sector and boost domestic production. OALP allows exploration and production (E&P) companies to select the areas they want to explore and develop based on the available data.
Hydrocarbon Exploration and Licensing Policy (HELP)
The Hydrocarbon Exploration and Licensing Policy (HELP) is an initiative of the Ministry of Petroleum and Natural Gas, Government of India. It was introduced to bring about a transparent and investor-friendly regime for exploration and production (E&P) of hydrocarbon resources in the country. HELP encompasses several policy reforms, including the Open Acreage Licensing Programme (OALP).
New Exploration Licensing Policy (NELP)
The New Exploration Licensing Policy (NELP) was the previous policy framework for hydrocarbon exploration and production in India. It was in operation from 1997 to 2016 before being replaced by HELP. NELP aimed to attract domestic and foreign investment in the E&P sector by offering exploration blocks through a competitive bidding process.
Coal Bed Methane (CBM)
Coal Bed Methane (CBM) is a form of natural gas that is extracted from coal seams. It is considered an unconventional source of natural gas and has gained importance in recent years as a potential energy resource. However, CBM is not directly related to the Open Acreage Licensing Programme (OALP) or the Hydrocarbon Exploration and Licensing Policy (HELP).
Conclusion
In conclusion, the Open Acreage Licensing Programme (OALP) is related to the Hydrocarbon Exploration and Licensing Policy (HELP). It is a part of the policy framework introduced by the Government of India to attract investment in the oil and gas sector and boost domestic production. The OALP allows exploration and production companies to select the areas they want to explore and develop based on available data.
The Open Acreage Licensing Programme (OALP) is a part of the Hydrocarbon Exploration and Licensing Policy (HELP) introduced by the Government of India in 2016. It aims to attract investment in the oil and gas sector and boost domestic production. OALP allows exploration and production (E&P) companies to select the areas they want to explore and develop based on the available data.
Hydrocarbon Exploration and Licensing Policy (HELP)
The Hydrocarbon Exploration and Licensing Policy (HELP) is an initiative of the Ministry of Petroleum and Natural Gas, Government of India. It was introduced to bring about a transparent and investor-friendly regime for exploration and production (E&P) of hydrocarbon resources in the country. HELP encompasses several policy reforms, including the Open Acreage Licensing Programme (OALP).
New Exploration Licensing Policy (NELP)
The New Exploration Licensing Policy (NELP) was the previous policy framework for hydrocarbon exploration and production in India. It was in operation from 1997 to 2016 before being replaced by HELP. NELP aimed to attract domestic and foreign investment in the E&P sector by offering exploration blocks through a competitive bidding process.
Coal Bed Methane (CBM)
Coal Bed Methane (CBM) is a form of natural gas that is extracted from coal seams. It is considered an unconventional source of natural gas and has gained importance in recent years as a potential energy resource. However, CBM is not directly related to the Open Acreage Licensing Programme (OALP) or the Hydrocarbon Exploration and Licensing Policy (HELP).
Conclusion
In conclusion, the Open Acreage Licensing Programme (OALP) is related to the Hydrocarbon Exploration and Licensing Policy (HELP). It is a part of the policy framework introduced by the Government of India to attract investment in the oil and gas sector and boost domestic production. The OALP allows exploration and production companies to select the areas they want to explore and develop based on available data.
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Open Acreage Licensing Programme (OALP) is related to which of the following?a)Hydrocarbon Exploration and Licensing Policy (HELP)b)New Exploration Licensing Policy (NELP)c)Both A and Bd)Coal Bed Methane (CBD)Correct answer is option 'A'. Can you explain this answer?
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