0 1 min 6 dys

The oil ministry proposes allowing oil companies to jointly develop oil fields with connected reservoirs, aiming to avoid disputes like the ONGC-RIL case. Licensees must agree to joint development or surrender their licenses. This promotes economic efficiency and aligns with international practices, ensuring a structured process for reservoir unitization when connectivity is discovered post-exploration.

Leave a Reply

Your email address will not be published. Required fields are marked *