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Quotes



This year 2018 in India’s Upstream Hydrocarbon sector will have an extremely conducive for investment and surge in activities based on the three milestone announcements by the Government of India, namely Policy (a) Early Monetization of CBM (b) Open Acreage Licensing (OAL) and (c) Discovered Small Field Round II. Going forward, the Government is at the threshold of few major announcements, notably the Policies for Simultaneous Exploration & Production of Hydrocarbons and National Shale Gas Policy as well as the upcoming Bid rounds on Production from ageing fields of ONGC with Enhanced Oil Recovery model. Hence, year 2018 will be crucial as the threshold for achieving our Honourable Prime Minister’s vision of reducing 10% of National Hydrocarbons Imports by 2022.
– Vilas Tawde, CEO, EOGEPL – Essar.




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