Oil and gas exploration and production issues

The Policy Regime with the unexpected tinkering has proved a deterrent for upstream companies both public and private industry players. The Rangarajan Committee is able to offer solace to companies in India’s oil and gas exploration and production (EP) is yet to be seen.
India offers one of the best production sharing contract (PSCs) regimes, the tampering bothers the industry and has kept many big players at bay.
The Government in May constituted a committee headed by C. Rangarajan,

PSC production sharing contract, Association of Oil Gas Operators (AOGO), oil exploration simplified mechanism of sharing profits, Rangarajan Committee oil exploration India, oil exploration India, C. Rangarajan, Chairman Prime Minister’s Economic Advisory Council,