India's Hydrocarbon Outlook – 2022-2023

167 DGH: 3 DECADES OF UNLOCKING INDIA'S HYDROCARBON POTENTIAL Basin Phase-I Blocks Blocks Taken up for Drilling Actual Wells Drilled Jaisalmer 1 1 1 Assam 5 0 3 Total 6 1 4 Table 7.6: Basin-wise work carried out by OIL in its nomination areas conveyed that Geoscientific Data for Blocks on offer is being showcased through National Data Repository’s (NDR) data rooms with interpretation facilities which would assist the potential bidders in making informed decisions. Representatives of the Industries and State department conveyed the messages that State Governments in pursuant to ‘Investor Friendly Environment’ are focused to create and improve ease of doing business in the State. This is being facilitated by providing accelerated and time-bound grants of various licenses, permissions & approvals, promoting industrial development and facilitating new investments as well as by simplifying the regulatory framework by reducing procedural requirements and rationalizing documents. It was also emphasized that CBM is the need of the hour as a clean energy source to fuel the economy and support the vision of Atmanirbhar Bharat. Industry interaction cum promotional events on Special Coal Bed Methane Bid Round – 2022 were held at Bhopal, Nagpur, Raipur, and Hyderabad. The participation was from State Government departments like industries, Mineral Resources Department, Power generation companies like NTPC, Jindal Steel & Power Limited and Shri Bajrang Power, E&P Operators ONGC, Essar, RIL, OIL, Vedanta, and GEECL, mininggroups likeMegha Engineering, Vajra Granites, SCCL among others. It was informed during the meet by DGH that the offering under SCBM-22 is designed in a way to boost the Investor’s confidence. The terms and conditions are highly investor friendly like no prior experience in Oil & Gas is mandatory, Operator is not to share any revenue with GOI till windfall gain, each Block falls within a single state for administrative ease, and single License for Conventional & unconventional, full Marketing and Pricing Freedom for Gas produced, etc. It was also SCBM 2022: Promotional Events