The Minister for Petroleum and Natural Gas, Hardeep Singh Puri, has described recent reforms in India’s upstream sector as a major revolution.
Investment prospects in offshore and frontier regions have been made possible by these changes and data-driven exploration projects. Puri underlined the government’s goal of establishing a transparent and stable investment environment that encourages involvement from both domestic and foreign businesses.
Capital needs will rise in tandem with an increase in exploratory activity, underscoring the necessity of financing arrangements that take into account the unique risks associated with upstream projects.
Neeraj Mittal, the secretary of MoPNG, emphasised the significance of prompt finance availability and cooperation between financiers, operators, and policymakers. The industry has reacted favourably, with an emphasis on successfully putting ideas into practice to produce tangible outcomes.
