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News Brief | November 2013

Policy on oil and gas survey data sale likely by Oct-end

The government plans to grant 10-year exclusivity rights for geological data mined through a speculative survey. The policy is aimed at attracting global companies for data acquisition. They would get 10-year exclusive rights for selling the data to Indian and foreign oil and gas companies. The government will also get access to the data once it is ready. This policy, along with the national data repository (NDR), would be a precursor to a new system of a continuous bidding process for oil and gas blocks, called an Open Acreage Licensing Policy (OALP) regime.
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