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PSC Extension: Expected in April, 2017
Feb 13:   A decision on the extension of the production-sharing contract (PSC) for 10 year of an oil & gas block  beyond 2020 is likely to be taken by the Cabinet in April, 2017. 
8The Original PSC of the Block ends in 2020.
8The PSC extension of block would add another 250 million barrels of oil equivalent to reserves.
8The 0perator had approached the Delhi High Court, seeking for an early decision on the extension of the PSC.
8The company has planned for investments worth Rs 35,000 crore after 2020 in the block.
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