Hydrocarbon Exploration and Licensing Policy (HELP)

  • Central Government had launched Hydrocarbon Exploration and Licensing Policy (HELP) in March 2016, as a new policy regime for Exploration & Production (E&P) in petroleum and natural gas sector.
  • Its main features are Revenue Sharing Contract (RCS), single Licence for exploration and production of conventional as well as unconventional hydrocarbon resources, marketing and pricing freedom etc.
  • ¬†Open Acreage Licensing Policy (OALP) is also main innovative feature under HELP wherein investor can carve out blocks of their own interest and submit an expression of interest (Eol) throughout year.
  • Based on areas for which EoI has been expressed bidding is conducted every 6 months.

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