Udaan, Prahaar, Q&A Bank etc.
CA Magazines & Editorials
1 Mar 2025
The Ministry of Petroleum and Natural Gas has included the deep-sea region of the Gulf of Mannar in its latest hydrocarbon exploration tender.
Open Acreage Licensing Policy (OALP)
Key Features of OALP
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While the government’s move aims to boost hydrocarbon exploration and energy production, it has sparked significant concerns among environmentalists and local communities. The Gulf of Mannar and Andaman and Nicobar Islands are ecologically sensitive regions, and any exploration activities could have far-reaching consequences for marine biodiversity and the livelihoods of coastal communities. Balancing economic development with environmental conservation remains a critical challenge.
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