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ASIA

Oilex's Indian extension

OILEX is focusing on its joint venture Cambay field in Gujrat, India, ahead of an expected 10-year PSC extension just as Oil Minister Dharmendra Pradhan announces the nation is expecting US$40 billion (A$5.2 billion) in oil and gas investment over the next five years.

Helen Clark
India flag.

India flag.

In September the JV applied for the extension ahead of the September 2019 expiry, as required and the company expects to hear the decision by mid next year but says it could come sooner.    Oilex operates...

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