The Oilfields (Regulation and Development) Amendment Bill, 2024
Where this law is right now
🏛️ Became law (Act)
Plain-language summary (AI-generated) — a quick read so you don't have to open the full PDF. May contain errors; the original document below is authoritative.
What does this law do?
This law updates the 1948 Oilfields Act to modernize regulations for mineral oil operations, including exploration, development, and production, to boost domestic energy production and reduce import dependence.
Who it affects
Businesses and entities involved in mineral oil operations, including exploration, development, and production activities in India.
Key provisions
- Replaces 'mining lease' with 'petroleum lease' throughout the law
- Defines 'mineral oils' to include various hydrocarbons like crude oil, natural gas, and shale gas
- Requires all mineral oil operations to be conducted under a valid lease
- Introduces penalties for violating lease rules (up to 25 lakh rupees)
- Allows for dispute resolution through alternative methods
- Requires lessees to follow environmental and safety standards
- Promotes renewable energy projects at oilfields
Points worth noting
- This is an amendment to the 1948 Oilfields Act
- Creates new penalties for non-compliance
- Repeals the old definition of 'mineral oils' in the 1948 Act
- Introduces provisions for carbon emission reporting and decarbonization
| Source body | Parliament of India — Bills (Lok Sabha & Rajya Sabha) |
| Reference number | LII |
| Status | closed (section: bill) |
| Year | 2024 |
| Closing date | — |
| Documents | 3 |
Highlights & Points worth asking
Auto-generated, neutral observations. Auto-generated from public documents. May contain errors. Not legal or financial advice. Always verify against the linked original document. KaunZimmedar is a platform, not an authority.
No automated observations for this document. Read the documents below directly.
Documents
The original government PDF is the authoritative source — shown below, or open it full-screen in a new tab.
Bill_passed_both
The-Oilfields-Regulation-and-Development-Amendment-Bill-2024-bill_passed_both.pdf
Tap “Open the PDF” above to view this document.
Bill_introduced
2024-08-05
The-Oilfields-Regulation-and-Development-Amendment-Bill-2024-bill_introduced.pdf
Tap “Open the PDF” above to view this document.
Bill_passed_rs
2024-12-03
The-Oilfields-Regulation-and-Development-Amendment-Bill-2024-bill_passed_rs.pdf
Tap “Open the PDF” above to view this document.
Discussion (0)
Citizens discussing these documents. A discussion space — nothing here is verified fact or an official finding. Reading is free; sign in to take part.
Open discussion (0) →