𝗡𝗘𝗟𝗣 𝗮𝗻𝗱 𝗛𝗘𝗟𝗣: 𝗜𝗻𝗱𝗶𝗮’𝘀 𝗢𝗶𝗹 𝗮𝗻𝗱 𝗡𝗮𝘁𝘂𝗿𝗮𝗹 𝗚𝗮𝘀 𝗘𝘅𝗽𝗹𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝗣𝗼𝗹𝗶𝗰𝘆
𝗡𝗲𝘄 𝗘𝘅𝗽𝗹𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗟𝗶𝗰𝗲𝗻𝘀𝗶𝗻𝗴 𝗣𝗼𝗹𝗶𝗰𝘆 (𝗡𝗘𝗟𝗣):
NELP was introduced in 1997 by the Government of India with the aim of encouraging exploration and production (E&P) activities in the country’s hydrocarbon sector.
NELP replaced the earlier system of awarding oil and gas exploration rights under the government’s administrative processes with a more transparent and competitive bidding process.
𝗛𝘆𝗱𝗿𝗼𝗰𝗮𝗿𝗯𝗼𝗻 𝗘𝘅𝗽𝗹𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗟𝗶𝗰𝗲𝗻𝘀𝗶𝗻𝗴 𝗣𝗼𝗹𝗶𝗰𝘆 (𝗛𝗘𝗟𝗣):
HELP was introduced in 2016 as a comprehensive framework to replace the NELP regime. HELP aimed to simplify and streamline the licensing process, boost exploration activities, attract investment, and enhance domestic production of hydrocarbons.
Do you also know about OALP?
The Open Acreage Licensing Policy (OALP) is a component of the HELP.
OALP is designed to enhance exploration and production activities in the country’s hydrocarbon sector by allowing companies to select exploration blocks of their choice throughout the year, rather than waiting for specific bid rounds.
