Sluggish growth brings Indian national oil companies under stricter oversight

July 19, 2017

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Responding to sluggish growth in domestic oil and natural gas production, the Indian government has brought national oil companies (NOCs) under stricter oversight, including daily reporting of production data from each field operated by these companies.
The NOCs also have to submit to government data relating to reservoir production and performance every six months and has to report the reserves of each field in operation once a year, according to one of a series of orders issued to NOCs over the past one month.

Category: General