The Government offers 10 conventional blocks (with 830 million barrels oil reserves potential and 22 trillion cubic feet of gas reserves potential) and 5 non conventional blocks (with 640 million barrels oil reserves potential and 17 trillion cubic feet gas reserves potential). But it has again postponed the offering through auction of oil and gas blocks as the Government has yet to issue a regulation (PP) on the tax for oil and gas contracts adopting the gross split scheme.
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