| Change of Participating interest and assignment cases. Participation in Management Committee meetings on behalf of the Government. Cost monitoring, statutory payments to government, Profit sharing to government. Monitoring of safety, Security and Environment aspect. Facilitating of statutory & other clearances. Extension of phases, relinquishment of acreages, assignment, appointment of auditor, approval of auditing account and other PSC related issues as and when arise. Participation of arbitration matter. Advise Government on policy formulations.
Monitoring of 26 CBM blocks awarded under CBM rounds I - II - III, on Nomination Basis and through FIPB Route. Review development plans of commercial discoveries and advise Government of their adequacy To reassess the hydrocarbon reserves estimated by the operating companies Advise Government on offering of acreage for exploration to companies, as well as, matters relating to relinquishment of acreage by comp companies Technical advice to MOP&NG on issues relevant to exploration and optimal exploitation of oil & gas |
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