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India opens 50 new oil, gas, and coal bed methane blocks to boost energy production and investment.
India has launched a major energy initiative by offering 50 new exploration and production blocks for oil, gas, and coal bed methane, including 25 under the Open Acreage Licensing Policy and 55 discoveries in the Discovered Small Field round.
The move, led by Union Minister Hardeep Singh Puri, aims to boost domestic production, attract investment, and advance energy self-reliance through a unified regulatory framework, marketing freedom, and incentives like zero royalty in deepwater areas.
Reforms include single licensing for conventional and unconventional resources, exploration rights for the full contract term, and cost reimbursement for core-hole drilling in 2026.
The changes, backed by new legislation and rules, streamline operations and emphasize environmental safeguards in sensitive regions.
India abre 50 nuevos bloques de petróleo, gas y metano de lecho de carbón para impulsar la producción de energía y la inversión.