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Cleaning up E&P regulations-I: Private operators willing to take on royalty and cess obligation but with caveats
Aug 24: Operators of seven pre-NELP blocks have put together a proposal to the government to break the logjam over a rule that authorized the licensee, in this case ONGC, to pay royalty and cess on behalf of its joint venture partner.
8ONGC has found this provision one-sided and have refused to cooperate in further oil and gas activities in these blocks.
8The private JV partners are now willing to share the royalty and cess with ONGC but with two important caveats
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