India’s Hydrocarbon Outlook 2024 19 A Report on Exploration & Production Activities 1947 2014 1947 2024 1980 1997 2015 Nomination Era Pre-NELP PSCs CBM Contracts/NELP PSCs DSF/HELP RSCs Beginning of de-regulation of producing fields and 28 exploratory blocks o ered to players including private New Domes tic Gas Pricing Guidelines Further liberalization of the sect or • Hydrocarbon Explor ation & Lic ensing Polic y • Discovered Small Field Bid R ound 2016 • Operationalization of NDR • Open Acr eage Lic ensing • Revenue Sharing Model • Pricing Guidelines for di cult gas fields • Single Lic ense for all type of Hydrocarbons • Reassessment of HC R esources, 2017 • NDR launched State Monopoly Public sect or upstream companies • Liberalization of E&P Sect or (1997- 2012) • 9 NELP and 4 CBM rounds. • 254 exploratory and 30 CBM Blocks thr ough competitive bidding and 3 Nomination CBM Blocks Discovered Small Field Polic y • OALP Bid R ound - I, 55 blocks a warded • Discovered Small Field Bid R ound-II • Policy permitting exploration & exploitation of unconventional hydrocarbons • Policy to promote & incentivise enhanced recovery • OALP Bid R ound IV • • • Launch of OALP Bid round-VIII Lanch of OALP Bid round-IX Launch of SCBM-2022 & V • Policy reforms such as exemption from seeking En vironment Clearance for exploratory drilling and no restriction on early monetization of Hydrocarbons Natural Gas marketing reforms - to move towards Gas based economy • OALP Bid Round II & III • Reforms in Exploration Policy • Launch of OALP Bid Round VI & VII • DSF-III Bid Launch of Round • SCB -20 21 Launch of M 2018 1980 -1995 2016-17 19972012 2019 2015 2020-21 2021-22 2022-24
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