Petroleum rules amended to enhance ease of business
pre-market1 source ↓written by the desknot a recommendation
- decision period
- 180-day
- the possibility
- 30-year long-term leases
In a significant regulatory update, the Petroleum and Natural Gas Rules, 2025 have been amended to simplify operations in the oil and gas sector. Key changes include a 180-day decision period for lease applications and the possibility of 30-year long-term leases. This framework aims to facilitate investment planning and operational efficiency for companies in the sector.
The amendments also promote joint facility development and require annual declarations of infrastructure capacity, enhancing transparency and collaboration among lessees.
Not investment advice. For informational purposes only.