India’s Global roadshows for Hydrocarbon projects

What are these roadshows?
Minister of State for Petroleum Jitin Prasad was recently in North America for shows in tour for promotion & atttraction of investment in India;s petroleum assets. Rounds of auction are held. Here is a summary of recent road shows held at various places.

Mr. Prasad held road shows in Calgary in Canada and Houston in the US this month to generate interest in the eighth round of auctions of oil and gas blocks and fourth round of inviting bids for coalbed methane. Around 24 foreign exploration and production companies took part in the two road shows including British Gas, British Petroleum, Shell, BHP Billiton, Gaz de France, Gazprom and Niko Resources.

Scheduled Roadshows : London, Perth & Brisbane in October

Indian finance Minister Pranab Mukherjee had announced in Union Budget that tax holiday would be extended to natural gas production.

NELPVIII which is the current round of new exploration licensing policy was launched on April 9, 2009.



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