India updates guidelines to attract foreign investors
An Indian offshore platform. The country has revised its E&P; guidelines to appeal to IOCs. (Essar)
India’s Ministry of Petroleum and Natural Gas (MoPNG) published revised standards this month known as ‘Good International Petroleum Industry Practices’ (GIPIP).
The update, which comes three years after recommendations were made to improve state guidelines, aims to increase transparency and reduce bureaucracy in a bid to attract foreign investors to India’s upstream sector.