Companies can recover full exploration cost from new discoveries only: Oil Ministry

The licensees get 5-8 years to explore oil and gas in their allotted blocks. At the end of the exploration period, they retain the area needed to develop the discoveries and get a mining lease for that

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2PBC4Th