A nodal agency for implementation of NELP and CBM policy on behalf of Ministry of Petroleum & Natural Gas
To advise Ministry of Petroleum & Natural Gas on Exploration Strategies & Production Policies
To provide technical advice to the Ministry of Petroleum and Natural Gas on issues relevant to the exploration and optimal exploitation of hydrocarbons in the country
To review the exploration programs of companies operating under Petroleum Exploration Licenses granted under the Oilfields (Regulation and Development) Act, 1948 and the Petroleum and Natural Gas Rules, 1959 with a view to advising Government on the adequacy of these programs.
To evaluate the hydrocarbon reserves discovered and estimated by the operating companies
To advise the Government on the offering of acreages for exploration to companies as well as matters relating to relinquishment of acreage by companies
To review the development plans for commercial discoveries of hydrocarbon reserves proposed by the operating companies and advise Government on the adequacy of such plans and the exploitation rates proposed and matters relating thereto
To review and audit concurrently the management of petroleum reservoirs by operating companies and to advise on any mid-course correction required to ensure sound reservoir management practices in line with the optimal exploitation of reserves and the conservation of petroleum resources
To regulate the preservation, upkeep and storage of data and samples pertaining to petroleum exploration, drilling, production of reservoirs etc. and to cause the preparation of data packages for acreage on offer to companies
All other matters incidental thereto and such other functions as may be assigned by Government from time to time
Assist Government in Contract management functions
Exploration & Development of unconventional hydrocarbon resources like Gas Hydrate, Shale Gas/Oil and Oil Shale
Issue Essentiality Certificate for indigenous procurement of goods used in E&P sector to avail GST concessions
