The government will not charge any share of profit on less explored areas
The new Revamped Rules of Oil and Gas exploration
Basins and Categories in India
Sedimentary Basins of India The existing 26 Sedimentary Basins have an area of approximately 3.14 million Sq. Kms. The sedimentary basins of the country have been classified into four categories as below.,
Category -1: Proven Commerical Productivity
Category -2: Identified Prospectivity
Category -3: Prospective Basins
Category -4: Potentially Prospective
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