NELP era draws over $36 billion investment, 177 discoveries in pre-2014 oil, gas blocks: Oil Min Report
India attracted over $36 billion investment from nine New Exploration Licensing Policy (NELP) bid rounds held before 2014, and has so far yielded 177 oil and gas discoveries, according to a report commissioned by the Petroleum Ministry. Under the New Exploration Licensing Policy (NELP), blocks were awarded to bidders promising maximum exploration, allowing them to…
