India: Oil cos seek 2-year moratorium on drilling

Hit by non-availability of rigs and growing shortage of manpower, oil companies are asking the Government for a two-year moratorium on all drilling and seismic commitments.

Mr Sastry Karra, Temporary Chairman of the newly-formed Association of Oil and Natural Gas Operators in India (AOGOIN), told Business Line that the operators (companies engaged in exploration and production of oil) were facing an immediate problem in respect of fulfilling work commitments.
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