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Boosting EOR In India: More needs to be done
Apr 16: Extension of fiscal benefits for incremental oil (tax and other incentives) from EOR projects which are needed for declining fields (producing for last 45 to 50 years) in Nomination regime has been suggested
8Moderation in cess & royalty rates is another suggestion
8Implementation of Production Enhancement Contracts (PECs) is th enew trend globally
8Collaboration between operator companies with service companies to increase and accelerate production from mature oil and gas fields has brought about a significant improvement in the recovery.
8ONGC and OIL have begin soliciting service companies and EOIs have come out
8But a lot more needs to be done
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