Question 3/5
Q3.
Consider the following statements with reference to policy regime for exploration and production of oil and gas in India:
- New Exploration Licensing Policy (NELP) replaced Hydrocarbon Exploration and Licensing Policy (HELP) in 2016.
- Open Acreage Licensing Programme (OALP) gives an option to a company to select the exploration blocks on its own.
- NELP offers uniform licensing instead of separate license requirements for each type of hydrocarbons exploration.
Which of the statements given above is/are correct?