Hardy Oil and Gas relinquish exploration licence in India (Scandinavian Oil-Gas Magazine)

Hardy Oil and Gas relinquish exploration licence in India

Published Dec 26, 2014

Hardy Oil and Gas on 23 December 2014 consented to the relinquishment of the KG-DWN-2003/1 (D3) exploration licence.

On 23 December 2014, the D3 Management Committee considered a proposal from Reliance Industries Limited, the operator of the D3 block, in which the Company holds a 10 per cent interest, for the relinquishment of the block.

The proposal set out that as per the Government of India (GOI) Notification O-22013/27/2012-ONG-D-V dated 10 November 2014, access restrictions have been imposed by the GOI and the Operator recommended the relinquishment of the block with immediate effect under clause 3.1 (a), and (e) and 3.2, of the referenced Government Policy.

Tags: Hardy Oil and Gas

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