ReferIndia News In policy shift, upstream oil firms increase tech focus, seek contract reforms

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In policy shift, upstream oil firms increase tech focus, seek contract reforms

Published on: Sept. 28, 2025, 6 p.m. | Source: The Financial Express

India is struggling to attract investments from Big Oil due to stagnant hydrocarbon production and high import reliance. However, the country is now turning towards advanced technology to boost production and exploration. Policy hurdles and fiscal uncertainties are impeding this progress, and the industry is proposing contract extensions and revised incentives for mature fields. | financialexpress.com

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