The government plans to relax the rules for the next round of bidding for oil and gas blocks, which will commence from October 15 with roadshows.
Centre weighs easier oil hunt rules - Calcutta Telegraph
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On the table are proposals to do away with technical capability criteria for small onland blocks, extend the initial exploration phase by one year to five years and allow companies that have surrendered blocks to bid again. The oil ministry is working on the revised norms, which will have to be approved by an inter-ministerial committee of secretaries, officials said.Centre weighs easier oil hunt rules - Calcutta Telegraph
