Is India Ready for the Largest Oil & Gas Exploration with the Urja Varta Meet on July 17?
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Synopsis
The upcoming Urja Varta 2025 event is set to transform India's oil and gas landscape, with Minister Hardeep Singh Puri emphasizing the importance of stakeholder engagement and investment opportunities. With the largest exploration bidding round on the horizon, this is a pivotal moment for industry leaders.
Key Takeaways
- Urja Varta 2025 will take place on July 17 in New Delhi.
- Round X is the largest oil and gas exploration bidding round globally.
- The Open Acreage Licensing Programme (OALP) has attracted significant interest from energy companies.
- Stakeholder feedback is encouraged on new petroleum regulations.
- Investing in India's energy sector is becoming more efficient and profitable.
New Delhi, July 8 (NationPress) Minister of Petroleum and Natural Gas Hardeep Singh Puri announced his anticipation for the upcoming Urja Varta 2025 gathering at Bharat Mandapam on July 17, leading up to India’s Round X of exploration and production bidding—the most significant globally for oil and gas blocks.
The oil and gas blocks presented under the Open Acreage Licensing Programme (OALP) have already attracted interest from both international and domestic energy firms. According to the minister, Round X is poised to establish new standards for investment and participation.
The Petroleum Ministry has requested input on the Draft Petroleum & Natural Gas Rules, Model Revenue Sharing Contract (MRSC), and Petroleum Lease ahead of July 17, 2025, as part of the initiative to expedite oil & gas development. These reforms are designed to foster exploration and production in the sector.
“These modifications aim to enhance the ease of doing business for oil & gas exploration and production (E&P) operators, developed after comprehensive stakeholder consultations,” Puri elaborated in a recent post on X.
The Oilfields (Regulation and Development) Act of 1948 was amended in March 2025, and new PNG regulations emerged within three months ahead of OALP Round X, which is the largest exploration and production bidding round worldwide, aligning with PM Modi’s vision for the industry.
To boost transparency and stakeholder involvement, the Ministry of Petroleum and Natural Gas has opened the floor for public commentary on the Draft Petroleum & Natural Gas Rules, Model Revenue Sharing Contract (MRSC), and Petroleum Lease documents. Stakeholders can send their feedback to png-rules@dghindia.gov.in before July 17, 2025.
“This is an ideal moment for entrepreneurs and industry leaders to explore oil and gas opportunities in India. Investing in India’s energy future has never been more straightforward, swift, or lucrative,” Puri stated.
Point of View
I emphasize that the government's proactive stance on oil and gas exploration is a strategic move to enhance energy security and attract investments. Engaging stakeholders is essential for a balanced approach to development, ensuring that India remains competitive on the global stage.
NationPress
14/07/2025
Frequently Asked Questions
What is the Urja Varta 2025 event?
Urja Varta 2025 is a gathering for stakeholders in the oil and gas sector, where key discussions will take place regarding India's upcoming Round X exploration and production bidding.
How can stakeholders provide feedback on the Draft Petroleum & Natural Gas Rules?
Stakeholders can send their comments and suggestions to png-rules@dghindia.gov.in before July 17, 2025.
What is the significance of Round X?
Round X represents the largest global bidding round for oil and gas exploration, aimed at increasing investment and participation in India's energy sector.
What reforms are being introduced for oil and gas exploration?
The reforms are designed to improve the ease of doing business for exploration and production operators, following thorough stakeholder consultations.
When was the Oilfields (Regulation and Development) Act amended?
The Oilfields (Regulation and Development) Act was amended in March 2025, paving the way for new regulations.
