Pradhan promises greater ease in doing business with India

TIL Desk/Business/Houston-Union Minister Dharmendra Pradhan today promised a “transparent regulatory regime” and greater ease in doing business with India as he promoted auctioning of 46 discovered oil and gas fields in a roadshow here. These fields, discovered by Oil and Natural Gas Corporation Ltd (ONGC) and Oil India LTD (OIL), are envisaged to be put on production through expeditious efforts.

As many as 50 international oil related companies, including Magna Energy, BP, IHS Energy, Texas Oil & Gas Technology, Nabors, McDermott, Reliance Exploration and Production DMCC, KPMG, Halliburton, Joshi Technologies International, Vega Energy, Schlumberger attended the roadshow in Houston.

The Houston roadshow comprised extensive and detailed presentations and one-on-one meetings with the companies. Companies such as BG, Cairn Energy, ONGC, RIL shared their successful experience of working in the Indian exploration and production (E&P) sector. Easy regulatory administration, pricing freedom for crude oil and natural gas produced from new fields in a transparent manner to further promote oil and gas assets across the country, he said.