India will launch an auction of 67 discovered small oil and gas fields
on May 25, the country's upstream regulator Directorate General of
Hydrocarbons (DGH) said on Tuesday May 10,2016
As many as 67 small fields in 46 contract areas will go under the hammer, the DGH stated on its website.
These fields will be offered under a revenue-sharing model, where the contractor will share a part of the revenue with the government as soon as the production begins.
As many as 67 small fields in 46 contract areas will go under the hammer, the DGH stated on its website.
These fields will be offered under a revenue-sharing model, where the contractor will share a part of the revenue with the government as soon as the production begins.
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