Which of the following statement is/are correct HELP programme HELP is a paradigm shift from Production Sharing Contract(PSC) regime to Revenue Sharing Contract(RSC) regime based on ease of doing business. It provides for a single license for exploration and production of conventional as well as non-conventional Hydrocarbon resources. Shifting of focus from revenue to production maximisation is the feature of Policy Reforms. Select the correct code from below.?

Only 2
1 and 2
2 and 3
All of the above are correct

LohaHridoy

8 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 4 : All of the above are correct

The correct answer is All of the above are correct.

Hydrocarbon Exploration and Licensing Policy(HELP):

This is a paradigm shift from Production Sharing Contract(PSC) regime to Revenue Sharing Contract(RSC) regime based on ease of doing business.
It provides for a single license for exploration and production of conventional as well as non-conventional Hydrocarbon resources.
Open Acreage Licensing Policy(OALP) means to select the exploration blocks without waiting for a formal bit round.
The salient features of Policy Reforms are as under:
- Shifting of focus from 'revenue' to 'production maximisation'.
- Shorter exploration period for early development.
- Fiscal concessions for early monetization and commercial production.
- Marketing and Pricing freedom for natural gas.

8 views Answered 2022-09-04 04:29

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