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25 May 2016, Gemma Gacho, EMIS Editor

67 oil and gas fields for auction in India

The oil ministry will auction 67 small fields with oil and gas discoveries for commercial production. The revenue share agreement for these fields have been simplified and the terms are no longer restrictive to attract more companies and investors.

Based on the oil ministry’s statement, these fields “are now being offered under exclusive policy which is designed to be investor-friendly and is based on easy-to-administer revenue sharing contract model, in tune with the policy of 'ease of doing business' in India.”

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