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Indian E&P programmes are "gamed"-III: Latest on farming out nomination blocks
Mar 20: Also find out more on what the petroleum ministry is thinking of doing with the farming out of nomination blocks
8Two models are being considered.
8Know more how many fields have been shortlisted under the two models
8Is the government making the same mistakes it seems have made in the NELP and revenue sharing models this around too?
8Modeling is much more complicated for producing blocks than for new acreages and the chances of going wrong are much higher.
8Will the bidding criteria be left too broad -- allowing all and sundry to enter the field -- so that it can be gamed again?
8The answer can well be a "yes" unless steps are taken to plug the loopholes.
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