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Context:
Discovered Small Field policy:
Hydrocarbon exploration and licensing policy:
Presently, India imports 80% of its crude requirements, making the energy economy heavily dependent on foreign sources of supply. This implies, India is subjected to global price swings of crude oil. To reduce this dependency on external sources, Government launched Hydrocarbon Exploration License Policy (HELP) in 2016, in replacement of New Exploration Licensing Policy (NELP) of 1997-1998. |
HELP:
Issues with NELP:
HELP as a reform:
Objectives of HELP:
The major Guiding Principles behind HELP are to:
Merits of HELP:
Concerns with HELP:
Final Thoughts:
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