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​The Central Government introduced the Oilfields (Regulation and Development) Amendment Bill, 2024 in the Lok Sabha in August 2024 to delink petroleum
Question

​The Central Government introduced the Oilfields (Regulation and Development) Amendment Bill, 2024 in the Lok Sabha in August 2024 to delink petroleum operations from __________________.

A.

forestry

B.

agriculture

C.

mining

D.

​maritime activities​

Correct option is C

The correct answer is option (C) mining

  • In August 2024, the Central Government introduced the Oilfields (Regulation and Development) Amendment Bill, 2024 in the Lok Sabha to delink petroleum operations from mining operations.

Key Features of the Amendment:

  •  Delinking Petroleum and Mining Operations: The amendment aims to separate petroleum operations from mining activities, streamlining the regulatory framework for oil and gas exploration and production.
  •  Expanded Definition of Mineral Oils: The definition now includes naturally occurring hydrocarbons, coal bed methane, and shale gas/oil, excluding coal, lignite, and helium.
  •  Introduction of Petroleum Lease: The concept of a "petroleum lease" replaces the mining lease, covering activities such as prospecting, exploration, development, production, and disposal of mineral oils.​
  •  Enhanced Rule-Making Powers: The central government gains authority to regulate lease mergers, facility sharing, environmental protection, and dispute resolution.
  •  Decriminalization and Penalties: The amendment replaces imprisonment provisions with financial penalties for violations, with continued violations attracting additional daily penalties.


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