Oil Field Amendment Bill News - Latest Updates & Headlines
New Oil Field Amendment Bill has made small oil fields investor-friendly
New Delhi, March 20: The new Oil Field Amendment Bill 2024 has relaxed regulations for making small oil fields lucrative for investors. Under the provisions of the bill, the Discovered Small Fields (DSF) now gets several investor-friendly liberalised terms which are aimed at making operations more efficient and profitable.
Oil Field amendment bill will be game-changer for oil and gas explorations, production in India
New Delhi, March 20: The Oilfield (Regulatory and Development) Amendment Bill, 2024 passed by Parliament last week will be a game changer for the exploration and production of oil and gas in India. The bill intends to reform the legal framework and meet the current needs and market conditions to make the sector attractive for investors.