On 10th March 2016, Government of India approved Hydrocarbon Exploration Licensing Policy (HELP) which is based on new contractual model i.e. Revenue Sharing. As the model is centered around a matrix of biddable revenue share vis-a vis level of production by the Contractor itself, it is expected to eliminate the areas of disputes related to cost recovery, Investment multiple calculation, cost of unfinished work program, rigidities of timelines, delays in implementation of FDP etc. The implementation of RSC model is envisaged to minimize regulatory burden for the sake of ease of doing business, and increase the ease of business in India for both National and International contractors. Open Acreage Licencing Policy (OALP) and Discovered Small Fields (DSF) Policy are the two parts of HELP.
