Cabinet approves policy to promote and incentivize new methods of hydrocarbon production - Feedback

Centre on Wednesday approved the policy framework to promote and incentivise techniques to improve recovery factor of existing hydrocarbons reserves for augmenting domestic production of oil and gas.

policy approved by the Union Cabinet chaired by Prime Minister Narendra Modi will promote enhanced recovery (ER), improved recovery (IR) and unconventional hydrocarbon (UHC) production. Objective of the policy is to build a supportive ecosystem through academic and research institutes, industry-academia collaboration. It also aim to support and encourage Exploration and Production (E&P) Contractors to deploy ER/IR/UHC Methods/ techniques.

https://www.business-standard.com/article/news-ani/cabinet-approves-policy-to-promote-and-incentivize-new-methods-of-hydrocarbon-production-118091300072_1.html

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